150 Liberty St NE, Salem, OR 97301
Marcus & Millichap as the exclusive listing agent, is pleased to present the opportunity to acquire the Metropolitan Building. A mixed-use investment property comprised of 17 multi-family, 16 commercial units, and 10 basement storage spaces. Located in the historic district of Salem, Oregon, the Metropolitan presents an investor with the opportunity to purchase a high quality property with condominium finishes in the residential units and highly functional commercial spaces. Built in 1912, completely remodeled in 2007, and received updates in 2019/2020 including the creation of three new upscale apartments and 12 creative office suites in the basement. All but one of the new office suites was leased up in the midst of the current Covid-19 pandemic.This prime location on Liberty Street earns a Walk-Score of 79 and a Bike-Score of 98, topping six of seven categories. Located in the Central Area neighborhood, Metropolitan Building offers a best-of-both-worlds location as it is situated within walking distance to the shops and restaurants on Liberty Street, minutes from Riverfront City Park and Madison Square City Park, all while being within a short commute of major employment centers including Oregon State Capitol, Oregon State Hospital, Chemeketa Community College, and the City of Salem. With its premier location, stylish architecture, striking views, and high-end unit finishes, Metropolitan is the preeminent luxury residential property in the Urban Core.
Marcus & Millichap as the exclusive listing agent, is pleased to present the opportunity to acquire the Metropolitan Building. A mixed-use investment property comprised of 17 multi-family, 16 commercial units, and 10 basement storage spaces. Located in the historic district of Salem, Oregon, the Metropolitan presents an investor with the opportunity to purchase a high quality property with condominium finishes in the residential units and highly functional commercial spaces. Built in 1912, completely remodeled in 2007, and received updates in 2019/2020 including the creation of three new upscale apartments and 12 creative office suites in the basement. All but one of the new office suites was leased up in the midst of the current Covid-19 pandemic.This prime location on Liberty Street earns a Walk-Score of 79 and a Bike-Score of 98, topping six of seven categories. Located in the Central Area neighborhood, Metropolitan Building offers a best-of-both-worlds location as it is situated within walking distance to the shops and restaurants on Liberty Street, minutes from Riverfront City Park and Madison Square City Park, all while being within a short commute of major employment centers including Oregon State Capitol, Oregon State Hospital, Chemeketa Community College, and the City of Salem. With its premier location, stylish architecture, striking views, and high-end unit finishes, Metropolitan is the preeminent luxury residential property in the Urban Core.
