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    1120-1130 Lancaster Dr SE Salem, OR 97317

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    For Lease
    $3,210,000

    Retail space available near high-traffic intersection and major retailers.

    Property size:
    3,536 SF
    Lot size:
    0.82 Acres

    Property Features for 1120-1130 Lancaster Dr SE

    General Information

    Size
    3,536 SF
    Lot size
    0.82 Acres

    Source: NAI Elliott Agent Chris Lio

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

    Overview

    Retail Space Near Lancaster Drive

    This retail space, totaling 3,536 square feet, is situated near the intersection of Lancaster Drive and Hwy 22, offering high traffic exposure. The location provides convenient access to I-5 freeway. Neighboring businesses include Coastal Farm & Ranch, WinCo, and Sportsman's Warehouse. The property is on a pad with Subway and Metro PCS. The property is suitable for restaurant use.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -122.9790516
    Latitude
    44.9151076

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    FAQs

    What type of property is this?
    Restaurant - Retail space available near high-traffic intersection and major retailers.
    Where is this restaurant located?
    The property is located at 1120-1130 Lancaster Dr SE Salem, OR.
    What are key features of this property?
    This property features: - High traffic intersection of Lancaster Drive and Hwy 22; - Easy I-5 freeway access; - Restaurant space on pad with Subway & Metro PCS
    (503) 804-2929
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    1120-1130 Lancaster Dr SE Salem, OR 97317
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    Salem, OR 97317
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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
    1120-1130 Lancaster Dr SE Salem, OR 97317
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