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Retail Space in Salem Hub
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 Market272

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 Contact us

1264C $10/SF/Yr

Size
9,700 SF
Term
Negotiable
Contact us
Listing Agency: NAI Elliott
Listed By: Chris Lio · License #OR #970200025
Source: Naiglobal
Added: Nov 21, 2025 Changed: Aug 8 Last Checked: Aug 20 at 6:04AM

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

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Dental Office Spa & Massage Center HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

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

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • Rickey Street Plaza Four Corners, OR 97317
  • Coinstar Kiosk | Bitcoin ATM WinCo, 1240 Lancaster Dr SE, Salem, 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
More about this property
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