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Shopping Center Retail Suite
New
For Lease
$22 SF/Yr

140-3405 Commercial St, Salem, OR 97302

The center includes Bedmart and Momiji's Sushi, with Fred Meyer across the street.

Space Size1,200 SF
Days on Market5

Property Features for 140-3405 Commercial St

General Information

Standard status Active
Size 1,200 SF
Net Rentable 1,200 SF

Space & Availability

Available Space 1,200 SF
Contiguous Space 1,200 SF

Site & Location

Anchor Co-Tenants Bedmart, Momiji's Sushi
Road Access Yes

Building Details

Tenancy Multi
Listing Agency: COLDWELL BNKR/COMMERCIAL DIV
Listed By: ALEX RHOTEN · License #841000042
Source: Exprealty
Added: Oct 6 Changed: Oct 10 Last Checked: Oct 10 at 2:32AM

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.

A 1,200-square-foot retail suite is available within a shopping center at 140-3405 Commercial St in Salem. Bedmart and Momiji's Sushi anchor the center, and Fred Meyer is across the street. The property also has access to major roadways serving the Salem area.

Key Highlights

  • 1,200 SF retail suite in a shopping center
  • Bedmart and Momiji's Sushi anchor the center
  • Fred Meyer is located across the street

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Electrical Service HVAC Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Locksmith Catering Service

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
Yes
Paved road access
NNN (Triple Net)
Lease Type
$3.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,569
Businesses Nearby

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

Lease Benchmarks for Salem, OR

$31 /SF/Yr
Avg Asking Price
$10–$117 /SF/Yr
Price Range
8,200 SF
Avg Space Size

This space is priced 29% below the average of $31 /SF/Yr.

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 - The center includes Bedmart and Momiji's Sushi, with Fred Meyer across the street.
Where is this retail space located?
The property is located at 140-3405 Commercial St Salem, OR.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: 1,200 SF retail suite in a shopping center; Bedmart and Momiji's Sushi anchor the center; Fred Meyer is located across the street
More about this property
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