305-355 Liberty St NE, Salem, OR 97301 For Lease

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.

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.