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Retail Space Near Walgreens
For Lease
$78,060

134 Lancaster Dr SE, Salem, OR 97317

CR-zoned space includes parking and sits beside Walgreens and Little Caesars.

Space SizeContact for details
Property Size1,301 SF
Days on Market584

Property Features for 134 Lancaster Dr SE

General Information

Standard status Active
Size 1,301 SF
Zoning CR

Building Details

Building Size 1,301 SF
Listing Agency: Coldwell Bnkr/Commercial Div
Listed By: Pam Rushing · License #200202271
Source: Allprofessionalsre
Added: Jan 24, 2025 Changed: Aug 30 Last Checked: Aug 31 at 5:13PM

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 Bnkr/Commercial Div

Investment Insights

Based on property information with market context.

This retail space is located at 134 Lancaster Drive SE in Salem, Oregon. The property carries CR zoning and offers ample parking for customers and visitors. Neighboring Walgreens and Little Caesars provide established retail and food-service presence immediately around the site. The address places the space along Lancaster Drive SE, within a retail corridor serving the surrounding area.

Key Highlights

  • CR zoning
  • Ample parking available
  • Neighboring Walgreens and Little Caesars

Property Analytics

Current Use

Your CBD Store ... Specialty Food Shop

Suggested Use

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

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

690
Businesses Nearby

Demographics for 97317, OR

25,852
Population
9,024
Households
2.9
Avg Household Size
38
Median Age
22%
College-Educated
86%
High-School Grad
55.2 sq mi
ZIP Area
468
Density / Sq Mi
$81,208
Median Household Income
$39,794
Median Earnings
$1,370
Median Rent
$382,500
Median Home Value

Market

Lease Benchmarks for Salem, OR

$34.1 /SF/Yr
Avg Asking Price
$10–$117 /SF/Yr
Price Range
10,545 SF
Avg Space Size

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
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Frequently Asked Questions

What type of property is this?
Retail space - CR-zoned space includes parking and sits beside Walgreens and Little Caesars.
Where is this retail space located?
The property is located at 134 Lancaster Dr SE Salem, OR.
What is the lease rate?
The lease rate is $78,060.
What are key features of this property?
This property features: CR zoning; Ample parking available; Neighboring Walgreens and Little Caesars
More about this property
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