Real Estate for Downtown Salem Oregon
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Downtown Salem Oregon October 21, 2011
There are many Real Estate options for downtown Salem Oregon these days. Many turn of the century homes surround the downtown Salem area including homes around Bush Park, Fairmount Hills and North of the Capital Mall. Some developers felt there was a demand for downtown condo style living and thus 3 large contemporary condo complexes were born.
The Meridian, located at 777 Commercial St. S consists of 89 units, many of them unfinished condos ranging from 1 bedroom 845 SF units on up. Many of these condos have views over the Willamette River and the surrounding commercial landscape.
The Rivers Condos is arguably the most desired location as it sits across from Salem’s Riverfront Park & Salem’s Riverfront Carousel with views of the Willamette River to the West. This complex consists of 8 stories and offers residential units as well as commercial units on the ground floor.
- 22 luxury condominiums ranging from 935 – 4,159 sqft.
- 3 live/work units on 2nd and 3rd floor ranging from 935 – 4,159 sqft.
- 2 ground floor retail with floor-to-ceiling windows 1,333-5,552 sqft.
These condos are pricey, which may be the reason why only one has sold. Their asking prices range from $183,000 to around $1,000,000. The units are roughed in, but await your custom finishing touches.
Another condo complex that was completed is 295 Church. This condo complex consists of units ranging from 894 SF to 1500 SF. Their prices range from $174,000 to $237,000 depending on location and views. Some of these units overlook Pringle Park with Gambretti’s Itialian Restaurant and Creekside Flyfishing shop nearby.
It is evident that the developers were a little over anxious in providing abundant upscale condo living in downtown Salem as many of these units are left vacant. The hope is that when the economy recovers, then these condos will sell along with many other exciting developments to come to fruition in the downtown Salem area. Real Estate in downtown Salem offers may options to the buyer who desires to be in the middle of it all, and this market has great potential to grow to be an even healthier and more vibrant community!
Downtown Salem Oregon offers exciting events and attractions for people looking to reside in the hub of the state’s capital. The attractions within Willamette University, Salem Conference Center, the Capital Building, & Bush Park offer a robust influence providing diversity throughout Salem.
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*MLS information is deemed reliable, but not guaranteed.