Listing Agency: Kidder Mathews Portland d***@kidder.com Show Phone

Listed By: Peter Dunn · License #201103077

Source: Crexi

Added: Apr 10 Changed: Aug 8 Last Checked: Jul 23 at 5:57AM

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Investment Insights

Based on property information with market context.

This shopping center property is being offered for sale separately or in combination with the adjacent LanSunny Plaza. The listing notes separate pricing for each asset, as well as combined pricing for the two properties together.

The property is located at 2138 Lancaster Dr. in Salem, Oregon (97305).

Key Highlights

• Retail shopping center for sale, offered separately or alongside the adjacent LanSunny Plaza.
• Separate pricing: $3.77M.
• Combined pricing with LanSunny Plaza: $6.82M.

Property Analytics

Current Use

WellBeing Club Community Center Chen's Family Dish Restaurant Northwest Law Services Law Firm DMKL Limited Image Consultant Island Dreams Grocery & Convenience Store

Suggested Use

Top Pick Building Supply Real Estate Agency Big Box & Wholesale Store Law Firm Auto Parts Store Kitchen & Bath Showroom

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

990

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 97305, OR

44,535

Population

15,219

Households

2.9

Avg Household Size

33

Median Age

16%

College-Educated

77%

High-School Grad

47.2 sq mi

ZIP Area

944

Density / Sq Mi

$64,581

Median Household Income

$32,554

Median Earnings

$1,386

Median Rent

$339,100

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

Questions? Ask Rey

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What type of property is this? Where is this shopping centers located? What is the asking price? Find similar properties ... What are key features of this property?

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Similar Off Market Nearby

• Village East Shopping Center — 2421 Lancaster Dr NE, Salem, OR 97305
• LanSunny Plaza — 1970 Lancaster Dr NE, Salem, OR 97305
• Market Square — Hawthorne Ave NE, Salem, OR 97301
• Roseland Center — Salem, OR 97301
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Frequently Asked Questions

What type of property is this?

Shopping center - For sale retail shopping center offered separately or alongside adjacent LanSunny Plaza.

Where is this shopping center located?

The property is located at 2138 Lancaster Dr. Salem, OR.

What are key features of this property?

This property features: Retail shopping center for sale, offered separately or alongside the adjacent LanSunny Plaza.; Separate pricing: $3.77M.; Combined pricing with LanSunny Plaza: $6.82M.