For Lease

Salem Center

401 Center St NE, Salem, OR 97301

53,583

SF Available
Positioned in the heart of downtown Salem, the Salem Center Mall offers a prime retail location with strong foot traffic and excellent visibility. Located along Center Street, one of the city’s primary downtown corridors, the property benefits from consistent pedestrian activity driven by a dynamic mix of retail, dining, and entertainment within the mall and surrounding area. The site is within walking distance of major anchors including the Oregon State Capitol, Willamette University, and the Salem Convention Center, bringing a steady daytime population of government employees, students, and visitors. The surrounding downtown core features a vibrant mix of local businesses, offices, and residential developments, supporting both daytime and evening traffic. With convenient access to major arterial routes including Commercial Street NE and Liberty Street NE, the location provides strong connectivity throughout the Salem metro area. On-site parking, nearby public garages, and pedestrian-friendly streets further enhance accessibility for customers and employees alike.A recognized downtown landmark, Salem Center continues to be the central destination for downtown Salem's shopping, dining, and community activity. The property benefits from strong visibility along key downtown corridors and consistent traffic generated by a mix of office workers, residents, and visitors. Salem Center presents a range of retail opportunities from 543 SF to 7,885 SF with the ability to combine spaces to accommodate 11,578 SF. Suites include both move-in ready spaces and shell-condition premises ready for customization, with select spaces offering the ability for exterior, private access. Opportunities are available in both the North and South buildings on the first and second floors, providing flexibility for a variety of retail, service, entertainment, and food users. Food court spaces are equipped with existing hood and grease trap infrastructure, supporting immediate restaurant occupancy. Salem Center is entering a new chapter focused on revitalization, reinvestment, and bringing renewed energy to the downtown core. Ongoing improvements and new development initiatives are creating fresh momentum throughout the property, positioning Salem Center as an evolving destination for shopping, dining, entertainment, and community activity. The renewed vision for the center is designed to attract a dynamic mix of businesses and create an energized environment that contributes to the continued growth and vibrancy of downtown Salem. The location is supported by two attached public parking garages, in addition to ample street parking and a highly walkable environment that drives steady pedestrian traffic, within close proximity to major demand drivers including the Salem Convention Center, Willamette University, and Riverfront Park, contributing to a reliable daytime population and year-round activity.

Key features

  • Additional Street Parking Available
  • First and Second Floor Options in North and South Buildings
  • Food Court Spaces with Hood and Grease Trap
  • Move-in Ready and Shell-Condition Suites Available
  • Near Salem Convention Center, Willamette University, and Riverfront City Park
  • Revitalization Underway with New Local Ownership
  • Salem Center – Established Downtown Retail Destination
  • Select Suites with Exterior, Private Access
  • Spaces from 543 SF to 7,885 SF (up to 11,578 SF Combined)
  • Strong Daytime Population and Year-Round Activity
  • Strong Visibility and Consistent Foot Traffic
  • Suitable for Retail, Service, Entertainment, and Food Users
  • Two Attached Public Parking Garages
  • Walkable Location with High Pedestrian Activity

Rental Details

  • Number of spaces 21
  • Total square feet available 53,583 SF
  • For Lease $1.00 - $6.67/SF/MO
  • Space Types Retail
  • Lease Type NNN
  • Date Updated May 20, 2026
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Reach out to the broker for more info on lease terms and amenities

For Lease 21 Spaces Available

Contacts

Alvin J. Nash

Tradition Real Estate Partners

Building Details

  • For Lease $1.00 - $6.67/SF/MO
  • Property Type Retail - Regional Mall
  • Lot Size 2.94 Acre
  • Year Built 1986
  • Date Updated May 20, 2026

Attachments

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

8.11 miles

Hopmere Station

8.20 miles

ChargePoint

0.37 miles

Arco Gas Station

0.75 miles

Circle K

0.75 miles

Pacific Pride

0.77 miles

Space Age

0.93 miles

Arco

0.98 miles

76

0.98 miles

Shell

1.15 miles

City of Salem Fuel Island

1.66 miles

Marion Parkade

0.16 miles

Riverfront Park (North Lot)

0.26 miles

Liberty Square Parkade

0.26 miles

Riverfront Park (South Lot)

0.36 miles

Green Lot - Dept of Admin Services

0.39 miles

Pringle Parkade

0.41 miles

Reserved Lot A

0.45 miles

Permit Parking

0.54 miles

Visitor Parking

0.59 miles

Ross

0.06 miles

Salem Center (North)

0.08 miles

Kohl's

0.11 miles

Macy's

0.12 miles

Reed Opera House

0.15 miles

Pringle Park Plaza

0.42 miles

Grocery Outlet

0.47 miles

Safeway

0.62 miles

Roth's

0.84 miles

401 Center St NE Listing Summary

  • The Price for Retail Space at 401 Center 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 401 Center St NE, asking rent starts at $$1.00/SF/MO per square foot.

    401 Center 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 401 Center St NE

    The property exclusively contains Retail space totaling 53,583 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. 401 Center St NE offers 7 retail space(s) sized 1,000 square feet or less. Retail space of this size can be a more affordable option for small businesses or for those that don’t have very quick growth expectations. You will find 14 retail space(s) ranging from 1,000 square feet to 10,000 square feet at 401 Center 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

    401 Center 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

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