Map of Property

For Lease

Downtown Retail Center

305-355 Liberty St NE, Salem, OR 97301

50,950

SF Available
Located on the corner of Liberty and Chemeketa Street in NE Salem on a signaled intersection in downtown Salem. Across the street from The Forge and Salem Center Mall.A major redevelopment is underway at the former JC Penney building in the heart of downtown Salem, offering a rare opportunity for tenants to shape space to fit their specific vision and operational needs. This multi-story building with basement is being repositioned as a flexible, open-slate commercial project rather than a pre-configured concept. The first floor offers large-format opportunities with spaces generally ranging from 5,000 to 10,000 SF, well suited for retail, showroom, entertainment, or experiential uses. The second floor provides flexible suites in the 4,000 to 6,000 SF range, ideal for creative, fitness, or service-oriented users seeking downtown visibility with adaptable layouts. The basement level features 5,000 to 6,000 SF spaces that can accommodate a variety of uses requiring functional, back-of-house, production, or destination-style layouts. The building is equipped with a freight elevator and loading dock, supporting efficient operations and tenant build-outs across all levels. With its central downtown location, substantial floor plates, and customization potential, this project presents a unique opportunity for users seeking space that can be tailored to their brand, workflow, and long-term growth. With a wide range of leasing options and a vision centered on energy, creativity, and collaboration, this redevelopment offers a rare opportunity to be part of Salem’s next chapter. Early interest is encouraged.

Key features

  • 102,500 SF - Divisible to 5,000+ SF Spaces
  • Customizable Build-Outs
  • Downtown Redevelopment at Former JC Penney Building
  • Flexible Customization Across Three Levels
  • Freight Elevator and On-Site Loading Dock
  • Ideal for Retail, Fitness, Creative, and Destination Uses
  • Prime Location at Signaled Intersection

Rental Details

  • Number of spaces 11
  • Total square feet available 50,950 SF
  • For Lease $0.50 - $1.25/SF/MO
  • Space Types Retail
  • Lease Type NNN
  • Date Updated May 20, 2026
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

For Lease 11 Spaces Available

Contacts

Alvin J. Nash

Tradition Real Estate Partners

Building Details

  • For Lease $0.50 - $1.25/SF/MO
  • Property Type Retail - Street Retail
  • Property Size 102,500 SF
  • Lot Size 0.32 Acre
  • Date Updated May 20, 2026

Getting Around

  • Walk Score ®

    Very Walkable (84)

  • Transit Score ®

    Good Transit (61)

  • Bike Score ®

    Very Bikeable (89)
Powered by Walk Score ®

Location

  • City Salem, OR
  • Neighborhood Central Salem
  • Zip Code 97301
  • Market Eugene

Points of Interest

Brooks Historical Society Depot

8.13 miles

Hopmere Station

8.21 miles

ChargePoint

0.43 miles

Circle K

0.70 miles

Pacific Pride

0.71 miles

Arco Gas Station

0.73 miles

Space Age

0.88 miles

76

1.02 miles

Arco

1.03 miles

Shell

1.18 miles

Chevron

1.68 miles

Marion Parkade

0.19 miles

Riverfront Park (North Lot)

0.20 miles

Liberty Square Parkade

0.24 miles

Riverfront Park (South Lot)

0.32 miles

Pringle Parkade

0.41 miles

Green Lot - Dept of Admin Services

0.45 miles

Reserved Lot A

0.48 miles

Permit Parking

0.56 miles

Salem Library Parkade

0.61 miles

Ross

0.08 miles

Salem Center (North)

0.12 miles

Reed Opera House

0.12 miles

Kohl's

0.15 miles

Macy's

0.17 miles

Pringle Park Plaza

0.41 miles

Grocery Outlet

0.47 miles

Safeway

0.68 miles

Roth's

0.80 miles

305-355 Liberty St NE Listing Summary

  • The Price for Retail Space at 305-355 Liberty St NE

    The cost of renting retail space in a property highly depends on features such as its location, parking availability and type of retail space, or advantages and features that might be unique to it. When it comes to 305-355 Liberty St NE, asking rent starts at $$0.50/SF/MO per square foot.

    305-355 Liberty St NE is located in the Central Salem neighborhood, which is home to a total of 45 retail listing(s). In the case of most businesses that need retail space, access to potential customers is critical. This can come in the form of retail space situated in high-traffic pedestrian areas, or convenient suburban locations with good public transport or plenty of parking. Reach out to the listing broker for information on best parking and other access options at or near the property.

  • Retail Space Options Available at 305-355 Liberty St NE

    The property exclusively contains Retail space totaling 50,950 square feet. The leasing opportunity here is available under NNN lease terms.

    In addition to retail space type, you will also need to consider the space size that you need for your business to operate at its best. You will find 11 retail space(s) ranging from 1,000 square feet to 10,000 square feet at 305-355 Liberty St NE, which can serve small or medium retail businesses that are planning to accommodate growth throughout the duration of their lease at this address. For more information or to schedule a tour of the property, reach out using the contact form on this page to get in touch with a broker.

  • Get to Know the Retail Scene in the Central Salem Neighborhood

    305-355 Liberty St NE is located in the Central Salem neighborhood of Salem. The Central Salem retail market offers 45 retail listing(s), representing a total of 211,362 square feet of retail space for lease.

    The most common retail type in the Central Salem neighborhood is Restaurant, of which the market currently offers 2 space(s).

    When looking for retail space for your company, picking the right area is essential. Some neighborhoods have a long history of being top shopping destinations in general, while others gain a reputation for strongly representing a specific type of business. In addition to knowing the reputation of your chosen business location neighborhood, it’s also important to know your customer base. For instance, the average Central Salem resident is 34 years old, and the median household income here is $60,422 per year.

Contact Listing Broker
Alvin J. Nash

Tradition Real Estate Partners

  1. 1Main information
  2. 2Extra information
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