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    616-654 Lancaster Dr NE Salem, OR 97301

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    For Lease
    Contact for pricing

    Retail space available with frontage on Lancaster Drive.

    Property size:
    21,690 SF
    Lot size:
    6.84 Acres

    Property Features for 616-654 Lancaster Dr NE

    General Information

    Size
    21,690 SF
    Lot size
    6.84 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

    This retail space is located at the southeast corner of Lancaster Drive and Center Street, diagonally across from the Willamette Town Center. The property offers direct frontage on Lancaster Drive and includes signage availability on the pylon. The property size is 21690 square feet.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    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

    Evergreen Plaza, fi.d.o, Willamette Town Center, Salem Valley Shopping Center, Auburn Center

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -122.982459
    Latitude
    44.939367

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    FAQs

    What type of property is this?
    Shopping center - Retail space available with frontage on Lancaster Drive.
    Where is this shopping center located?
    The property is located at 616-654 Lancaster Dr NE Salem, OR.
    What are key features of this property?
    This property features: - Direct frontage on Lancaster Drive; - Signage available on the pylon; - Located at the SEC of Lancaster Drive and Center Street
    (503) 709-3563
    Request Owner's contact information
    616-654 Lancaster Dr NE Salem, OR 97301
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    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
    616-654 Lancaster Dr NE Salem, OR 97301
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