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    2118 Lancaster Dr Northeast Salem, OR 97305

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    For Lease
    $1.70 SF/Yr ($3,166 /Mo)

    High-traffic retail space in SunnyLan Retail Center, Salem, OR.

    Property size:
    22,351 SF
    Lot size:
    22,351 SF

    Property Features for 2118 Lancaster Dr Northeast

    General Information

    Size
    22,351 SF

    Building Details

    Year built
    2005

    Source: Madyson Jones Agent Madyson Jones

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Retail Space in Salem

    Located at 2118 Lancaster Drive Northeast, Salem, OR 97305, this leasing opportunity is situated in a high-traffic area with excellent visibility and accessibility. The property is positioned in the SunnyLan Retail Center, benefiting from high traffic volumes of approximately 46,000 vehicles per day. It has excellent visibility from Lancaster Drive, a major thoroughfare in Northeast Salem, and is minutes from I-5 and the retail hub at Willamette Town Center. The surrounding area features a dynamic mix of businesses, generating strong foot traffic and steady activity throughout the day. The property is suitable for restaurants, retail properties, shopping centers, individual retail properties, and other restaurant and shopping center uses. The space features an open layout and is ideal for a vibrant, customer-facing establishment. The property size is 22351 square feet. The location offers an exceptional opportunity to grow your business due to its versatile surroundings and high exposure. The estimated NNN charges are $0.55 per square foot per month.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Joes Deli Deli Foto & Video Firme ... Photographer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -122.9826615
    Latitude
    44.9541226

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    FAQs

    What type of property is this?
    Restaurant - High-traffic retail space in SunnyLan Retail Center, Salem, OR.
    Where is this restaurant located?
    The property is located at 2118 Lancaster Dr Northeast Salem, OR.
    What is the lease rate?
    The lease rate is $1.70 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location within the SunnyLan Retail Center, exposed to approximately 46,000 vehicles per day.; - Excellent visibility from Lancaster Drive, a major thoroughfare.; - Situated in a dynamic mix of businesses with strong foot traffic.
    (503) 508-9490
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    Salem, OR 97305
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2118 Lancaster Dr Northeast Salem, OR 97305
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