The Bishop Building
145 Liberty St. NE
Salem, OR 97301
Highlights
- 24,300 SF historic building
- Built in 1894 with character
- Zoned CB for retail use
- Prime location in Salem
- High visibility on Liberty St.
- Flexible floor plan
- Historic charm with modern potential
Description
Built in 1894 and meticulously restored, the Bishop Building at 145 Liberty St NE in downtown Salem offers over 24,000 sq ft of mixed-use space blending historic charm with modern luxury. The property features eight spacious two-bedroom townhome-style apartments, each 1,500–1,800 sq ft with designer finishes including stainless steel appliances, granite countertops, exposed brick, gas fireplaces, walk-in closets, dual sinks, motorized shades, full-size washers/dryers, and A/C. Multiple commercial spaces are home to quality long-term retail tenants, providing a strong income stream, while a vacant full basement offers value-add potential. Current residential rents ranging from $2,000–$2,250, the Bishop Building delivers both financial performance and lifestyle appeal. Located steps from Riverfront City Park, Wilson Park, Willamette University, and an array of cafés, restaurants, and cultural attractions, this heritage property offers a rare opportunity to own a piece of Salem’s history in a vibrant, urban setting.
145 Liberty St. NE is located in the heart of downtown Salem, Oregon, near the State Capitol and Riverfront Park. This central location places it within close distance to government buildings, local shops, restaurants, and cultural attractions. The area is known for its historic charm, pedestrian-friendly streets, and vibrant mix of businesses, making it a prime spot for both professional and retail activity.
