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    100 Lancaster Dr NE Salem, OR 97301

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    For Sale
    $1,600,000

    Corner lot with access from two streets in Salem, OR.

    Property size:
    23,146 SF
    Lot size:
    1.43 Acres

    Property Features for 100 Lancaster Dr NE

    General Information

    Size
    23,146 SF
    Lot size
    1.43 Acres

    Source: Commercial Realty Advisors Northwest LLC Agent Kelli Maks

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

    Overview

    Corner Retail Lot For Sale

    This hard corner retail lot is located at the intersection of Lancaster Drive and State Street in Salem, Oregon. The site benefits from a signalized intersection and is positioned across from Walgreens. Other nearby retailers include Dick’s Sporting Goods, O’Reilly Auto Parts, and Cycle Gear. Major retailers in the surrounding trade area include WinCo, Coastal Farm, Sportsman’s Warehouse, Target, CarMax, and Regal Cinemas. The Willamette Town Center is located 1.4 miles north of the site. The property size is 23146 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Little Caesars Pizza Pizza Restaurant

    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.

    Similar Places Nearby

    Jakelin flowers, Aunt Tilly's Flower Barn, Portland Flowers & Gifts

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -122.982655
    Latitude
    44.928985

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    FAQs

    What type of property is this?
    Storefront property - Corner lot with access from two streets in Salem, OR.
    Where is this storefront property located?
    The property is located at 100 Lancaster Dr NE Salem, OR.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - Hard corner location with access from two major roads (Lancaster Dr and State St).; - Signalized intersection location provides high visibility and accessibility.; - Proximity to major retailers such as Walgreens, Dick’s Sporting Goods, O’Reilly Auto Parts and Cycle Gear.
    (503) 680-3765
    Request Owner's contact information
    100 Lancaster Dr NE Salem, OR 97301
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    100 Lancaster Dr NE
    Salem, OR 97301
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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
    100 Lancaster Dr NE Salem, OR 97301
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