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Retail Space With Large Parking
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4500 Commercial St SE, Salem, OR 97302

Retail space in South Salem with ample parking and strong retail neighbors like ULTA Beauty, Trader Joe’s, and Petco.

Property Size30,714 SF
Days on Market65

Property Features for 4500 Commercial St SE

General Information

Standard status Active
Size 30,714 SF
Property subtype Retail

Building Details

Building Size 30,714 SF
Year Built 1984

Properties For Sale

at 4500 Commercial St SE Contact us

FORMER RITE AID Retail Space

Size
30,715 SF
Type
Strip Center
Term
Negotiable
Contact us

Former Rite Aid Building - DEMISED SPACE

Size
7,938 SF
Type
Strip Center
Term
Negotiable
Contact us
Listing Agency: SPERRY - Pikes Northwest
Listed By: Jerry Jones · License #OR #201232293
Source: Sperrycga
Added: Jun 17 Changed: Aug 8 Last Checked: Aug 20 at 5:46AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SPERRY - Pikes Northwest

Investment Insights

Based on property information with market context.

This property presents a leasing opportunity for a range of retail or food-service concepts, including restaurant use and family entertainment. The space is positioned as a flexible “canvas” for businesses seeking an inviting storefront environment. The offering also highlights ample parking along with high visibility and easy access for visitors and employees.

Located in South Salem at 4500 Commercial St SE, the property benefits from immediate adjacency to major retail names, including ULTA Beauty, TRADER JOE’S, and PETCO. This tenant mix can support everyday shopping traffic patterns while keeping the site straightforward for customers to find and reach.

For operators looking to establish within a well-known retail setting, the combination of parking convenience, visibility, and nearby national tenants makes the property a practical fit. Retail users and restaurant operators that value an accessible, visitor-friendly location with established co-tenancy should find the positioning particularly useful.

Key Highlights

  • Retail space in South Salem with ample parking
  • Neighboring national retailers: ULTA Beauty, Trader Joe’s, and Petco
  • High‑traffic area with easy access for employees and visitors

Property Analytics

Current Use

Rite Aid Photo (Bike/Boat/Book/etc) Store Rite Aid Pharmacy Pharmacy William R. Croco, ... Pharmacy Indradevi Swaminathan, RPH Pharmacy Amazon Locker - Ihab Courier Service

Suggested Use

Top Pick Law Firm Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

628
Businesses Nearby
Balanced
Demand for This Use

Demographics for 97302, OR

39,776
Population
17,888
Households
2.2
Avg Household Size
41
Median Age
43%
College-Educated
95%
High-School Grad
23.5 sq mi
ZIP Area
1,693
Density / Sq Mi
$83,697
Median Household Income
$44,623
Median Earnings
$1,230
Median Rent
$415,200
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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Frequently Asked Questions

What type of property is this?
Shopping center - Retail space in South Salem with ample parking and strong retail neighbors like ULTA Beauty, Trader Joe’s, and Petco.
Where is this shopping center located?
The property is located at 4500 Commercial St SE Salem, OR.
What are key features of this property?
This property features: Retail space in South Salem with ample parking; Neighboring national retailers: ULTA Beauty, Trader Joe’s, and Petco; High‑traffic area with easy access for employees and visitors
More about this property
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