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29693517
29693518

299 D St NE, Salem, OR 97301

JK
OR 201215272, OR
First Commercial Real Estate Services
RD
OR 900300123
First Commercial Real Estate Services
Listed by First Commercial Real Estate Services
$4,500,000
244 days on market
Updated 72 days ago
Opportunity zone

Former Grocery Outlet

Details
APN 591638
Property Type Retail
Sub Type Grocery Store
Square Footage 44,486
Units 2
Occupancy 48%
Tenancy Multi
Lease Type NNN
Price per SqFt $101
Broker Co-Op Yes
Class B
Year Built 1948
Buildings 1
Stories 2
Zoning CBD

Former Grocery Outlet Building | 44,486 SF

Marketing description

The building sits on a 2 acre site and features a clear-span layout, full loading dock and ample truck turnaround space, making it highly functional for a wide range of commercial uses. Zoned Central Business District (CBD), the property offers the flexibility to house retail, grocery, entertainment, fitness or other community-serving concepts. The space is ready for a new business to take root at this prominent and highly accessible property within Salem’s Downtown Riverfront Urban Renewal area.

D Street Storage is a 21,267 SF self-storage facility located beneath 299 D Street NE in North Downtown Salem. Built in 2020, the property is fully stabilized and professionally managed by an in-place third-party operator. Tenants enjoy 24-hour access, secure infrastructure, and direct truck access with turnaround from Commercial Street. The facility has shown strong performance in a tight-supply self-storage market, providing reliable built-in cash flow. As a complementary fiscal component to the overall asset, D Street Storage enhances income stability and long-term value for ownership.

Investment highlights

Clear-span design with exposed glue-lam timbers

Membrane roof (2014)

Two 25-ton rooftop HVAC units (2014)

Full loading dock with truck turnaround and direct access from Commercial Street

Upgraded electrical service

Fire suppression system

Listing Contacts

JK
OR 201215272, OR
First Commercial Real Estate Services
RD
OR 900300123
First Commercial Real Estate Services
Listed by First Commercial Real Estate Services

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Zoning

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CB CommercialCore CommercialCentral Business District
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View all 112 uses
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Last updated May 9, 2026 For deeper zoning details, reports are available at Zoneomics

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