Pringle Park Plaza

300-390 Liberty St SE, 410 & 420 Mill St SE, & 305-395 High St SE Salem, OR 97301

300-390 Liberty St SE, 410 & 420 Mill St SE, & 305-395 High St SE, Salem, OR, 97301
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FOR SALE
Property Type:
Street Retail
Amount:
$5,950,000
Last Verified:
Dec 02, 2025

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Highlights

  • 61,521 Total Building SF
  • Building A 16,908 SF
  • Building B 19,699 SF
  • Building C 20,178 SF
  • Building D 4,736
  • 22 units
  • Zoned CBD - Central Business District
  • Located in the heart of downtown Salem

Description

This downtown Salem property presents a compelling investment opportunity with a total building area of 61,521 SF (52,845 SF NRA) across 22 units in 4 buildings. The fact that it's zoned Central Business District in the heart of Salem and is sitting at full occupancy, puts the property in a position as a highly desirable asset for retail and/or office investors. The property is at 99% occupancy with substantial upside in rents, making this an investment with tremendous upside potential.

Situated in the heart of downtown Salem, the Pringle Park Plaza property offers a strategic location surrounded by a diverse mix of dining, retail, office, and entertainment options. Its close proximity to popular attractions, including the Oregon State Capitol, Willamette University, Bush Park, and Pringle Park, enhances its appeal for potential retail and office investors. With convenient access to major transportation routes, this asset continues to present an attractive proposition for property owners seeking a well-positioned investment in Salem's bustling market.


Year Built: 1977
Building Size: 61521sq ft
Lot Size: 2.62 acres


Documents

Pringle Park Plaza OM 12.02.25

Map of 300-390 Liberty St SE, 410 & 420 Mill St SE, & 305-395 High St SE, Salem, OR, 97301

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.