Prime Retail Space in
For Lease
Contact for pricing
4500 Commercial St SE, Salem, OR 97302
Premier retail location near Trader Joe's, ULTA, and PETCO.
Space Size7,938 SF - 30,715 SF
Days on Market272
Property Features for 4500 Commercial St SE
General Information
Standard status
Active
Size
7,938 SF - 30,715 SF
Property subtype
Retail
Building Details
Building Size
30,714 SF
Year Built
1984
Spaces For Lease
at 4500 Commercial St SE Contact us- Size
- 30,715 SF
- Type
- Strip Center
- Term
- Negotiable
- Rate
- Contact for pricing
FORMER RITE AID Retail Space
- Size
- 7,938 SF
- Type
- Strip Center
- Term
- Negotiable
- Rate
- Contact for pricing
Former Rite Aid Building - DEMISED SPACE
Listing Agency:
SPERRY - Pikes Northwest
(503) 569-0074
Listed By:
Jerry Jones · License #OR #201232293
(503) 569-0074
Source:
Sperrycga
Added: Nov 21, 2025
Changed: Aug 8
Last Checked: May 10 at 4:57AM
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 SPERRY - Pikes Northwest
Investment Insights
Based on property information with market context.
This property offers a leasing opportunity in South Salem, situated next to ULTA Beauty, TRADER JOE'S, and PETCO. The location is suited for businesses seeking a vibrant and accessible setting. The property provides space for retail, family entertainment, or a restaurant venue. Ample parking, high visibility, and easy access enhance convenience for employees and visitors. The property is located in a prime South Salem location, offering an array of retail opportunities. The area attracts shoppers and businesses alike and benefits from proximity to a major grocery chain, national retailers, popular dining establishments, entertainment venues, and community hotspots. With access to major transportation routes and a local economy, this location is suited for a Retail or Big Box Store Building, promising visibility and foot traffic. The property size is 30714 square feet.
Key Highlights
- Prime South Salem location with high visibility and foot traffic.
- Located next to Trader Joe's, ULTA Beauty, and Petco.
- Ample parking for employees and visitors.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
Explore this area
Business Placement
Demographics for 97302, OR
39,776
Population
17,888
Households
2.2
Avg Household Size
41
Median Age
43%
College-Educated
95%
High-School Grad
23.5 sq mi
ZIP Area
1,693
Density / Sq Mi
$83,697
Median Household Income
$44,623
Median Earnings
$1,230
Median Rent
$415,200
Median Home Value
Market
Lease Benchmarks for Salem, OR
$25.15 /SF/Yr
Avg Asking Price
$10–$38 /SF/Yr
Price Range
10,351 SF
Avg Space Size
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Premier retail location near Trader Joe's, ULTA, and PETCO.
Where is this retail space located?
The property is located at 4500 Commercial St SE Salem, OR.
What are key features of this property?
This property features: Prime South Salem location with high visibility and foot traffic.; Located next to Trader Joe's, ULTA Beauty, and Petco.; Ample parking for employees and visitors.
