Map of Property

For Lease

Downtown Theatre

501 Marion St NE, Salem, OR 97301

37,152

SF Available
Located on the corner of Marion Street and High Street in downtown Salem.Positioned in the heart of downtown Salem, the former Cinebarre theater presents a rare opportunity to acquire a high-profile commercial property with exceptional redevelopment and repositioning potential. The approximately 37,152 SF building occupies its own parcel within Salem Center and offers prominent frontage, strong visibility, and immediate access to the downtown core. Formerly operated as a luxury dine-in movie theater, the property features seven auditoriums, expansive lobby areas, commercial kitchen infrastructure, bar areas, and existing utility capacity that may support a variety of future uses. The site is well suited for adaptive reuse including entertainment, mixed-use, fitness, retail, office, educational, event venue, hospitality, or experiential concepts. Located within the Mid-Willamette Valley less than one hour south of Portland, the property benefits from Salem’s role as Oregon’s State Capital and regional hub for government, healthcare, education, agriculture, manufacturing, and distribution. The site is situated next to Salem Center, just blocks from the Oregon State Capitol, Marion Street Bridge, Riverfront Park, and numerous downtown amenities including restaurants, retail, hotels, and civic destinations. Downtown Salem continues to experience renewed investment and redevelopment activity, creating momentum for new commercial concepts and urban activation. With its large footprint, strategic downtown location, dedicated parcel, and flexible layout, the former Cinebarre offers a unique opportunity for investors, owner-users, and developers seeking a signature property in Oregon’s capital city.Positioned in the heart of downtown Salem, this premier commercial opportunity offers up to 37,152 SF of highly visible space with exceptional frontage and direct access to the city's business, government, and entertainment districts. Located adjacent to Salem Center and just blocks from the Oregon State Capitol, Riverfront Park, and numerous downtown amenities, the property benefits from strong pedestrian activity, excellent accessibility, and a central location within Oregon's capital city. The flexible floor plan, expansive interior spaces, existing commercial infrastructure, and significant utility capacity create opportunities for a wide range of uses including entertainment, fitness, retail, office, educational, event, hospitality, medical, and experiential concepts. The property's prominent downtown presence and adaptable layout allow tenants to create a customized environment suited to their operational needs. Downtown Salem continues to experience new investment, redevelopment, and growing activity, making this a unique opportunity to establish a presence within one of the region's most dynamic commercial districts. Large contiguous spaces, strong visibility, and a strategic location combine to offer a rare leasing opportunity in the Mid-Willamette Valley.

Key features

  • 37,152 SF Available
  • Adjacent to Salem Center
  • Excellent for Entertainment, Fitness, Retail, Events, Hospitality
  • Exceptional Frontage and Visibility
  • Existing Bar and Food Service Areas
  • Existing Commercial Kitchen Infrastructure
  • Flexible Floor Plan for a Variety of Uses
  • Minutes from Oregon State Capitol & River Front Park
  • Prime Downtown Salem Location
  • Seven Large Auditoriums for Multiple Concepts
  • Significant Power and Utility Capacity

Rental Details

  • Number of spaces 1
  • Total square feet available 37,152 SF
  • For Lease $0.70/SF/MO
  • Space Types Retail
  • Lease Type NNN
  • Date Updated Jun 3, 2026
Want more info on this listing?

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

For Lease 1 Space Available

Contacts

Alvin J. Nash

Tradition Real Estate Partners

Building Details

  • For Lease $0.70/SF/MO
  • Property Type Retail - Street Retail
  • Property Size 37,152 SF
  • Units 1
  • Lot Size 0.99 Acre
  • Year Built 1988
  • Date Updated Jun 3, 2026

Getting Around

  • Walk Score ®

    Very Walkable (88)

  • Transit Score ®

    Good Transit (60)

  • Bike Score ®

    Biker's Paradise (91)
Powered by Walk Score ®

Location

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

Points of Interest

Brooks Historical Society Depot

7.97 miles

Hopmere Station

8.05 miles

ChargePoint

0.26 miles

76

0.81 miles

Circle K

0.85 miles

Pacific Pride

0.87 miles

Arco Gas Station

0.91 miles

Arco

0.93 miles

Space Age

0.99 miles

Shell

1.21 miles

Green Lot - Dept of Admin Services

0.26 miles

Chemeketa Parkade

0.26 miles

Riverfront Park (North Lot)

0.40 miles

Liberty Square Parkade

0.43 miles

Riverfront Park (South Lot)

0.53 miles

Reserved Lot A

0.54 miles

Pringle Parkade

0.56 miles

Permit Parking

0.63 miles

Visitor Parking

0.67 miles

Kohl's

0.08 miles

Salem Center (North)

0.11 miles

Ross

0.14 miles

Salem Center (South)

0.17 miles

Reed Opera House

0.32 miles

Grocery Outlet

0.39 miles

Safeway

0.52 miles

Pringle Park Plaza

0.57 miles

Roth's

0.90 miles

501 Marion St NE Listing Summary

  • The Price for Retail Space at 501 Marion 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 501 Marion St NE, asking rent starts at $$0.70/SF/MO per square foot.

    501 Marion 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 501 Marion St NE

    The property exclusively contains Retail space totaling 37,152 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. The property includes 1 large retail space(s) of more than 10,000 square feet, which is typically a good choice for businesses that need lots of showroom space or the flexibility to set up specialized operations. 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

    501 Marion 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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