Divisible Strip Mall Retail
For Lease
Contact for pricing
5245 - 5247 Commercial St SE, Salem, OR 97306
Two retail suites include private offices and restrooms and may be combined into a single larger space.
Space Size1,600 SF - 3,200 SF
Property Size6,320 SF
Days on Market648
Property Features for 5245 - 5247 Commercial St SE
General Information
Standard status
Active
Size
1,600 SF - 3,200 SF
Net Rentable
1,600 SF
Property subtype
Retail
Lease Type
NNN
Space & Availability
Available Space
1,600-3,200 SF
Contiguous Space
3,200 SF
Divisible
Yes
Space Use
Retail
Amenities
private office
restrooms
Building Details
Building Size
6,320 SF
Tenancy
Multiple
Spaces For Lease
at 5245 - 5247 Commercial St SE Contact us- Size
- 1,600 SF
- Type
- Retail
- Lease Type
- NNN
- Availability
- Active
Available Space 1 $1.50/SF/Mo
- Size
- 1,600 SF
- Type
- Retail
- Lease Type
- NNN
- Availability
- Active
Available Space 2 $1.50/SF/Mo
- Size
- 3,200 SF
- Type
- Retail
- Lease Type
- NNN
- Availability
- Active
Available Space 3 $1.50/SF/Mo
Listing Agency:
Coldwell Banker Commercial Mountain West Real Estate
(503) 566-5718
Listed By:
Pam Rushing · License #201222077
Source:
Crexi
Added: Nov 20, 2024
Changed: Aug 29
Last Checked: Aug 29 at 2:18PM
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 Coldwell Banker Commercial Mountain West Real Estate
Investment Insights
Based on property information with market context.
Located at 5245–5247 Commercial St SE in Salem, Oregon, this retail leasing opportunity comprises two suites within the Paddington's Pizza strip center. Each suite measures 1,600 SF, providing a combined 3,200 SF configuration when joined.
The spaces feature private offices and restrooms, supporting flexible retail layouts within the existing center. Tenants may consider the suites individually or combine them into one larger premises, subject to lease terms.
The spaces feature private offices and restrooms, supporting flexible retail layouts within the existing center. Tenants may consider the suites individually or combine them into one larger premises, subject to lease terms.
Key Highlights
- Two 1,600 SF retail suites available
- Suites can be combined into a 3,200 SF space
- Private office included in each space
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
Explore this area
Business Placement
Demographics for 97306, OR
34,715
Population
14,151
Households
2.5
Avg Household Size
38
Median Age
42%
College-Educated
95%
High-School Grad
32.4 sq mi
ZIP Area
1,071
Density / Sq Mi
$89,773
Median Household Income
$50,931
Median Earnings
$1,455
Median Rent
$438,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Two retail suites include private offices and restrooms and may be combined into a single larger space.
Where is this strip mall located?
The property is located at 5245 - 5247 Commercial St SE Salem, OR.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Two 1,600 SF retail suites available; Suites can be combined into a 3,200 SF space; Private office included in each space
