Retail Space in Salem
For Lease
$10 SF/Yr
1120-1264 Lancaster Dr SE, Salem, OR 97317
Retail space available in a growing Salem retail hub.
Space Size9,700 SF
Property Size119,137 SF
Days on Market317
Property Features for 1120-1264 Lancaster Dr SE
General Information
Standard status
Active
Size
9,700 SF
Property subtype
Special Purpose
Lease Term
NNN
Building Details
Building Size
119,137 SF
Year Built
1986
Spaces For Lease
at 1120-1264 Lancaster Dr SE
1264C
$10/SF/Yr
Size
9,700 SF
Term
Negotiable
Listing Agency:
NAI Elliott
Listed By:
Chris Lio · License #OR #970200025
(503) 804-2929
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Sep 6
Last Checked: Oct 4 at 6:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Elliott
Investment Insights
Based on property information with market context.
This retail space is located within a shopping center anchored by WinCo, ShopKo, and Dollar Tree. The property benefits from its location in a retail hub surrounded by extensive residential development, contributing to a growing economic base. Additionally, the property is located close to Home Depot. The property size is 119137 square feet.
Key Highlights
- Anchored by WinCo, ShopKo, and Dollar Tree
- Located in a retail hub
- Close to Home Depot
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97317, OR
25,852
Population
9,024
Households
2.9
Avg Household Size
38
Median Age
22%
College-Educated
86%
High-School Grad
55.2 sq mi
ZIP Area
468
Density / Sq Mi
$81,208
Median Household Income
$39,794
Median Earnings
$1,370
Median Rent
$382,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Salem, OR
$18.45 /SF/Yr
Avg Asking Price
$10–$29.76 /SF/Yr
Price Range
14,481 SF
Avg Space Size
This space is priced 46% below the average of $18.45 /SF/Yr.
Vacancy Rate% for Retail in West region
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Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — WinCo, 1240 Lancaster Dr SE, Salem, OR 97317
- Rickey Street Plaza — Four Corners, OR 97317
Frequently Asked Questions
What type of property is this?
Shopping center - Retail space available in a growing Salem retail hub.
Where is this shopping center located?
The property is located at 1120-1264 Lancaster Dr SE Salem, OR.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: Anchored by WinCo, ShopKo, and Dollar Tree; Located in a retail hub; Close to Home Depot
