Listing Agency: NAI Elliott - Portland

Listed By: Cap Berri · License #OR

Source: Crexi

Added: Apr 10 Changed: Aug 29 Last Checked: Aug 29 at 3:35PM

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Investment Insights

Based on property information with market context.

This retail property encompasses 119,137 square feet of commercial space at 1120 Lancaster Dr. SE in Salem, Oregon. The asset is offered for sale and carries a stated 7.83% CAP rate.

Its large-format footprint positions the property as a substantial retail holding within the Salem market. The address provides a clear location reference for evaluating access, surrounding retail activity, and broader market context.

Key Highlights

• 119,137 SF of retail space
• 7.83% CAP rate
• Located at 1120 Lancaster Dr. SE, Salem, OR 97317

Property Analytics

Property Profile

Current Use

Metro by T-Mobile Telecommunications Service Cricket Wireless Authorized ... Mobile Phone Store Cricket Wireless Mobile Phone Store

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.

Location Intelligence

Trade Area within ½ mile

283

Businesses Nearby

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

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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Retail space - Salem retail property offering a substantial commercial footprint for an owner or investor.

Where is this retail space located?

The property is located at 1120 Lancaster Dr. SE Salem, OR.

What are key features of this property?

This property features: 119,137 SF of retail space; 7.83% CAP rate; Located at 1120 Lancaster Dr. SE, Salem, OR 97317