www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
34501567
34501564

234 High Street Northeast, Salem, OR 97301 For Sale

CA
OR 910200259
Capacity Commercial Group
NW
OR 201230204
Capacity Commercial Group
TS
OR 200510305
Capacity Commercial Group
Capacity Commercial Group
TF
WA WA 970300108
Capacity Commercial Group
Listed by Capacity Commercial Group
$3,329,000
1 day on market
Updated 1 day ago
Opportunity zone

Kenneth A. Holmes Building

Details
Property Type Office
Sub Type Traditional Office
Square Footage 23,411
Cap Rate 6.2%
NOI $206,386
Occupancy 38%
Tenancy Multi
Class B
Year Built 1964
Acreage 0.570
Zoning Salem CBD
Parking Spaces 65 spaces
Parking per 1,000 SqFt 2.78

Office | 23,411 SF on 0.57 AC available for sale

Marketing description

A rare opportunity to acquire an iconic downtown Salem office building at one of the city's most visible intersections — High St & Ferry St, in the heart of the Central Business District. The Kenneth A. Holmes Building offers roughly 23,411 SF of office space leased to multiple tenants, plus a 65-car private parking garage — a highly sought-after feature for downtown Salem tenants and a meaningful differentiator from comparable buildings in the area.

With its striking glass curb appeal, secure gated parking, and prime corner location just two blocks from the Salem Convention Center, the property offers strong tenant appeal and long-term investment stability in a walkable, amenity-rich downtown setting. This is a well-positioned asset for investors seeking a multi-tenant office property with structured parking income potential in one of Salem's most established commercial districts.

Investment highlights

23,411 SF building

65-car secure parking garage

Prime corner location: High St & Ferry St, Downtown Salem CBD

Two blocks from the Salem Convention Center

High-visibility, glass-fronted street presence

Listing Contacts

CA
OR 910200259
Capacity Commercial Group
NW
OR 201230204
Capacity Commercial Group
TS
OR 200510305
Capacity Commercial Group
Capacity Commercial Group
TF
WA WA 970300108
Capacity Commercial Group
Listed by Capacity Commercial Group

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$206,386.00
$17,198.83/mo

Valuation Metrics

0
DSCR
6.2%
Cap Rate
6.2%
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Curt Arthur
License
910200259
Brokerage
Capacity Commercial Group
Name
Nick Williams
License
201230204
Brokerage
Capacity Commercial Group
Name
Toran Schmidgall
License
200510305
Brokerage
Capacity Commercial Group
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591