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Freestanding Retail Building with Parking
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3965-3985 Rich Dr NE, Salem, OR 97305

Freestanding retail building is fully leased to two tenants and includes 17 striped parking spaces.

Property Size3,125 SF
Lot Size0.25 Acres
Days on Market27

Property Features for 3965-3985 Rich Dr NE

General Information

Standard status Active
Size 3,125 SF
Total Parking Spaces 17
Lot size 0.25 Acres
Property subtype Retail

Additional Details

Cap Rate 7%

Building Details

Year Built 1998
Tenancy Multi
Listing Agency:
Listed By: Zach Reichle · License #OR #201246634
Source: Macadamforbes
Added: Jul 4 Changed: Jul 23 Last Checked: Jul 30 at 4:40AM

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 Zach Reichle

Investment Insights

Based on property information with market context.

The property is a 3,125-square-foot freestanding retail building situated on 0.25 acres and presented in a clean, low-maintenance profile. It is fully leased to two long-tenured tenants, Odd Moe's Pizza and Jackson Hewitt Tax Service, both operating at the location for over two decades. The offering is structured as a turnkey investment, supported by on-site striped parking with 17 dedicated spaces.

Located at 3965-3985 Rich Dr NE in Salem, Oregon’s capital city, the building sits just off Lancaster Drive NE and is positioned for straightforward customer access with on-site parking.

Key Highlights

  • 3,125‑SF freestanding retail building built in 1998
  • Fully leased to two tenants: Odd Moe's Pizza and Jackson Hewitt Tax Service
  • Both tenants have operated at this location for over two decades

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Spa & Massage Center Hair Salon

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

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

655
Businesses Nearby

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
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Frequently Asked Questions

What type of property is this?
Retail space - Freestanding retail building is fully leased to two tenants and includes 17 striped parking spaces.
Where is this retail space located?
The property is located at 3965-3985 Rich Dr NE Salem, OR.
What are key features of this property?
This property features: 3,125‑SF freestanding retail building built in 1998; Fully leased to two tenants: Odd Moe's Pizza and Jackson Hewitt Tax Service; Both tenants have operated at this location for over two decades
More about this property
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