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    3278-3380 Lancaster Dr NE Salem, OR 97305

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    For Lease
    $24 SF/Yr ($3,106 /Mo)

    Retail space available in high-volume, Safeway-anchored shopping center.

    Property size:
    1,553 SF
    Lot size:
    11.72 Acres

    Property Features for 3278-3380 Lancaster Dr NE

    General Information

    Size
    1,553 SF
    Lot size
    11.72 Acres

    Source: Coho Commercial Agent Jeff Corner

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

    Overview

    Retail Space in Oak Park Plaza

    This 1,553-square-foot retail space is located in the Oak Park Plaza Shopping Center, a high-volume, Safeway-anchored neighborhood retail center on Lancaster Dr. NE at Silverton Rd. NE in northeast Salem. The space was built-out new from shell in 2016, including all plumbing, electrical, mechanicals, fixtures and finishes. It is suitable for retail and professional service tenants. The space includes a large breakroom, IT & storage closet and a single ADA restroom. The shopping center was extensively remodeled in 2012, with a new multi-tenant pad building completed in 2014. Oak Park Plaza offers a tenant mix of national and regional retailers, restaurants and service providers, including Safeway, Ace Hardware, Starbucks, AutoZone, CSL Plasma, Jimmy John's, Little Caesars, T-Mobile, Papa Murphy's, Mariner Finance, and H&R Block. The space offers excellent visibility and building signage to Lancaster Dr. NE.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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.

    Similar Places Nearby

    Oak Park Plaza, TIG Tech care, Pioneer Place II, Coinstar Kiosk | Bitcoin ATM, Coin Cloud Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -122.982128
    Latitude
    44.967764

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    FAQs

    What type of property is this?
    Shopping center - Retail space available in high-volume, Safeway-anchored shopping center.
    Where is this shopping center located?
    The property is located at 3278-3380 Lancaster Dr NE Salem, OR.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: - Excellent visibility and building signage on Lancaster Dr. NE.; - Located in high-volume, Safeway-anchored Oak Park Plaza Shopping Center.; - Strong tenant mix of national and regional retailers (Safeway, Starbucks, Ace Hardware, etc.).
    (503) 584-1838
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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
    3278-3380 Lancaster Dr NE Salem, OR 97305
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