Roth McGilcrest Building

For Lease 8,050 SF

120 Liberty Street Northeast, Salem, OR 97301

Located in the heart of downtown Salem, The Roth McGilcrest Building offers a rare opportunity to lease space in a character-rich historic building just steps from the Capitol Mall, restaurants, and the Willamette River waterfront. Built in 1916, this two-story commercial building blends old-world charm with a functional, flexible layout — ideal for professional offices, nonprofits, and creative studios.The Roth McGilcrest Building offers investors a turnkey, income-producing mixed-use asset in one of Salem's most sought-after addresses — combining the durability of ground-floor commercial leases with the premium rents and low turnover typical of boutique downtown residential units. Its historic character and adaptive-reuse renovation make it a standout, difficult-to-replicate asset in the downtown core.Experience the perfect blend of historic architectural character and modern usability at 120 Liberty Street Northeast in Salem, OR. This prime downtown location is zoned CB (Central Business), offering a wide range of commercial use possibilities. With excellent walkability and close proximity to State Street, Liberty Street corridor shops, eateries, and the Oregon State Capitol, this property is ideal for businesses seeking a central and vibrant location. On-street and nearby public parking make it convenient for employees and visitors. Don't miss the opportunity to make this unique and versatile space your own.

Key features

  • Close to State Street, Liberty Street corridor shops and eateries, and the Oregon State Capitol
  • Historic architectural character with modern usability
  • Paid On-street and nearby public parking available
  • Prime downtown Salem location with excellent walkability
  • Zoned CB (Central Business), supporting a wide range of commercial uses

Rental Details

  • Number of spaces 1
  • Total square feet available 8,050 SF
  • For Lease $1.80/SF/MO
  • Space Type General Office
  • Lease Type NNN
  • Latest Update Oct 2, 2026
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1 Space Available

447

Space Type
General Office
Lease Rate
$1.80/SF/MO
Total Space
8,050 SF
Lease Type
NNN

Contacts

Curt Arthur, SIOR

Capacity Commercial Group

Building Details

  • For Lease $1.80/SF/MO
  • Property Type Retail - Street Retail
  • Property Size 42,205 SF
  • Lot Size 0.48 Acre
  • Additional Rent Price on request
  • Property Tenancy Multi-Tenant
  • Date Updated Oct 2, 2026

Location

  • City Salem, OR
  • Neighborhood Central Salem
  • Zip Code 97301
  • Market Eugene
  • Walk score 81/100 Very Walkable
  • Transit score 61/100 Good Transit
  • Bike score 88/100 Very Bikeable
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Points of Interest

Salem

0.74 miles

Brooks Historical Society Depot

8.28 miles

Hopmere Station

8.37 miles

Blink

0.08 miles

ChargePoint

0.47 miles

Arco Gas Station

0.58 miles

Circle K

0.77 miles

Pacific Pride

0.78 miles

Arco

0.97 miles

Space Age

0.98 miles

Shell

1.04 miles

76

1.14 miles

Chevron

1.52 miles

Liberty Square Parkade

0.09 miles

Chemeketa Parkade

0.16 miles

Riverfront Park (South Lot)

0.23 miles

Pringle Parkade

0.24 miles

Riverfront Park (North Lot)

0.27 miles

Marion Parkade

0.34 miles

Reserved Lot A

0.34 miles

Permit Parking

0.41 miles

Salem Library Parkade

0.45 miles

Visitor Parking

0.48 miles

Reed Opera House

0.05 miles

Salem Center (South)

0.18 miles

Ross

0.23 miles

Pringle Park Plaza

0.25 miles

Salem Center (North)

0.25 miles

Macy's

0.28 miles

Kohl's

0.28 miles

Grocery Outlet

0.64 miles

Safeway

0.69 miles

Roth's

0.91 miles

Listing Summary

  • Retail Space Costs at 120 Liberty Street Northeast

    The asking rent for retail space in this property starts at $1.80/SF/MO.

  • Retail Space Available

    The property exclusively contains General Office space totaling 8,050 square feet. The leasing opportunity here is available under NNN lease terms.

  • Space Sizes
    • The property houses 1 retail space in the 1,000 to 10,000 square feet range, which can serve small or medium-sized retail businesses with growth potential.
  • Area Characteristics

    120 Liberty Street Northeast is located in the Central Salem neighborhood of Salem. The Central Salem retail market offers 49 retail listings, representing a total of 163,202 square feet of retail space for lease.

    The most common retail type in the Central Salem neighborhood is Central Salem, of which the market currently offers 49 spaces.

    You can also find 11 Southeast Salem spaces. Additionally, leasing opportunities here include 11 West Salem spaces.

Contact Curt Arthur, SIOR
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