Retail Space
305 Liberty Street Northeast Salem, OR 97301
Details & Description
Price: $4,700,000
    DescriptionSince 1964 this building has been the home to JC Penney and being sold for the first time. The subject property is one of the most strategic locations in Salem because it is linked by sky bridges to both the Chemeketa Parkade parking structure for patrons and employees as well as to Salem Center and Liberty Plaza. The site is located in one of two Opportunity Zones in Salem making this a fantastic investment for a value-added development group. It also sits in the Riverfront Downtown Urban Renewal Area and redevelopment may be supported by various public grants and incentive funds. See's Candies leases 1050 SF of the ground floor. Inquire with listing broker for more details.HighlightsOne of the most important corners in SalemLinked by sky bridges to parking and other retail destinationsOpportunity Zone & Urban Renewal District location
    Property ID:    200198
    Property URL: melqr.com/200198
    Generated:    04-27-24
    Listing Agents
    Curt Arthur

    O: 503-588-4146
    M: 503-559-7990
    curt.arthur@svn.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
    Retail Space / Oregon / Salem / 97301 / 305 Liberty Street Northeast

    305 Liberty Street Northeast

    Salem, OR 97301

    Listing ID: 200198
    Print Single-Page Version
    305 Liberty Street Northeast Salem, OR 97301 | for Sale | Photo 1
    Building Size: 102,500 SF
    Lot Size: 0.880 AC
    Land Size: 38,332 SF
    Building $/SF: $45.85
    Land $/SF: $122.61
    Price
    $4,700,000
    Description

    Description

    Since 1964 this building has been the home to JC Penney and being sold for the first time. The subject property is one of the most strategic locations in Salem because it is linked by sky bridges to both the Chemeketa Parkade parking structure for patrons and employees as well as to Salem Center and Liberty Plaza. The site is located in one of two Opportunity Zones in Salem making this a fantastic investment for a value-added development group. It also sits in the Riverfront Downtown Urban Renewal Area and redevelopment may be supported by various public grants and incentive funds. See's Candies leases 1050 SF of the ground floor. Inquire with listing broker for more details.

    Highlights

    One of the most important corners in Salem

    Linked by sky bridges to parking and other retail destinations

    Opportunity Zone & Urban Renewal District location

    Attachments & Files
    305libertystjcpenneybrochure-onq-OXy.pdf

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Salem History of Retail Space for Sale

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    Salem Area Market Trends

    Listing Demographics for 305 Liberty Street Northeast Salem, OR 97301

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population10,753100,458223,924
    Population Median Age373737
    Population by Age0-9 Yrs787 (7%)11881 (11%)29429 (13%)
    10-19 Yrs1628 (15%)14403 (14%)31482 (14%)
    20-29 Yrs2401 (22%)15610 (15%)33563 (14%)
    30-39 Yrs1418 (13%)14250 (14%)31615 (14%)
    40-49 Yrs1325 (12%)13242 (13%)26936 (12%)
    50-59 Yrs1208 (11%)11420 (11%)25292 (11%)
    60-69 Yrs1178 (10%)11193 (11%)24987 (11%)
    70+ Yrs811 (7%)8458 (8%)20620 (9%)
    Median HH Income$45,949$50,932$56,254
    Total Household Income< 24K1255 (28%)8351 (22%)16025 (20%)
    25-49K1062 (24%)9928 (26%)19767 (24%)
    50-74K716 (16%)6776 (18%)16011 (20%)
    75-99K534 (12%)4488 (12%)10780 (13%)
    100-199K620 (14%)6404 (17%)14999 (18%)
    200K+159 (3%)1180 (3%)2441 (3%)
    Highest Education LevelNo Diploma623897121102
    Diploma or GED14721598537102
    Some College17381809139303
    Assoc. Degree649545912313
    Bachelors Degree14611079923150
    Higher Degree869691113316
    Total Housing Units4,72339,98485,259
    --Owner-Occupied1,49517,38043,269
    --Renter-Occupied2,85119,74736,753
    Owner-Occupied Values< 100K647853473
    100-199K640545611989
    200-299K423662016846
    300-399K23228826989
    400-499K879602271
    500K+496761702
    Total Working Age Population9,29580,286175,739
    In Work Force5,91549,879109,580
    Not In Work Force3,38130,40766,159
    Workforce Employed5,54946,504102,826
    Workforce Unemployed3373,3186,672
    Civlian Workforce5,88649,822109,498
    Military Workforce285783
    Total Households4,34637,12780,022
    Family Households1,83121,72151,332
    Non-Family Households2,51515,40628,690
    Married Couple1,26415,03736,045
    Other Family5676,68415,287
    Married w/Child4176,21915,042
    Single Male w/Child741,0552,109
    Single Female w/Child2372,8196,292

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Oregon3,421,399+123,831,074+114,264,810+114,727,438
    Marion County284,834+11315,335+11350,125+11388,420
    Polk County62,380+2175,403+1385,012+1698,501

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 305 Liberty Street Northeast in Salem?
    The asking price for 305 Liberty Street Northeast is $4,700,000
    What is the building size of this Retail property in Salem, OR?
    The size of the building/unit at 305 Liberty Street Northeast in Salem is 102,500 square feet
    How much land does the Salem, OR property at 305 Liberty Street Northeast include?
    305 Liberty Street Northeast in Salem includes 0.880 acres of land
    What kind of Retail is the propery at 305 Liberty Street Northeast?
    The property at 305 Liberty Street Northeast Salem, OR 97301 is listed as a Free Standing Building Retail property
    What is the population within 1 mile of 305 Liberty Street Northeast in Salem?
    The population within 1 mile of 305 Liberty Street Northeast Salem, OR 97301 is 10,753 people.
    Who do I contact for questions about 305 Liberty Street Northeast?
    You should contact the listing agent, Curt Arthur, for any details regarding this commercial listing.

    Other Listings for Sale Nearby

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    2908 Market Street Northeast, Salem, OR CALL 12000 3.9
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    3415 Commercial Street Southeast, Salem, OR $660,000 30000 1
    1010 Hawthorne Ave SE, Salem, OR CALL 143260 13.43
    3514 Commercial Street Southeast, Salem, OR $1,400,000 2092 0.75
    1120 Lancaster Drive Southeast, Salem, OR $14,000,000 119137 8.17
    905 Main Street, Aumsville, OR $349,000 3720 0.33
    1629 Northeast Baker Street, McMinnville, OR CALL 3000 -
    2318 Portland Road, Newberg, OR $1,765,000 7495 0.9

    Closest Commercial Airports

    Airport Distance (mi)
    Portland International Airport (PDX) 50
    Seattle Tacoma International Airport (SEA) 177
    Boeing Field King County International Airport (BFI) 182
    Price
    $4,700,000
    Listing Agent
    Curt Arthur - CRE Agent at

    Curt Arthur

    SVN

    VIEW AGENT PROFILE

    CONTACT AGENT

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