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    2025-2423 Lancaster Dr NE Salem, OR 97305

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    For Lease
    $6,100,000

    Retail space available in high-traffic Salem location.

    Property size:
    1,868 SF
    Lot size:
    17.89 Acres

    Property Features for 2025-2423 Lancaster Dr NE

    General Information

    Size
    1,868 SF
    Lot size
    17.89 Acres

    Source: Commercial Realty Advisors Northwest LLC Agent Alex MacLean

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

    Overview

    Retail Space on Lancaster Drive

    Located on Lancaster Drive NE, this retail space benefits from high traffic counts. It is situated just north of Willamette Town Center and across the street from Kaiser Permanente Medical Office. The location is shadow-anchored by Bi-Mart and Big Lots. Other co-tenants include Big 5 Sporting Goods, Banfield Pet Hospital, Ross Dress for Less, La Tapatia Supermarket, Five Guys Burgers and Fries, and Party Mart. Nearby retailers include Walmart Supercenter, PetSmart, Fred Meyer, Grocery Outlet, Dollar Tree, Safeway, Les Schwab Tire Center, and Planet Fitness. The property offers 1868 square feet of retail space.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Village East Shopping Center, LanSunny Plaza, Market Square, Roseland Center, Coinstar Kiosk - Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -122.9853718
    Latitude
    44.9543914

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    FAQs

    What type of property is this?
    Shopping center - Retail space available in high-traffic Salem location.
    Where is this shopping center located?
    The property is located at 2025-2423 Lancaster Dr NE Salem, OR.
    What are key features of this property?
    This property features: - High traffic location on Lancaster Dr NE.; - Shadow anchored by Bi-Mart and Big Lots.; - Located near Willamette Town Center and Kaiser Permanente Medical Office.
    (503) 709-3563
    Request Owner's contact information
    2025-2423 Lancaster Dr NE 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
    2025-2423 Lancaster Dr NE Salem, OR 97305
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