Retail Strip Center For
For Sale
Contact for pricing
1420 Lancaster Dr NE, Salem, OR
Two-building retail strip center with vacancy, remodeled in 2019.
Property Size4,200 SF
Lot Size1.65 Acres
Price / SF$1,547
Days on Market375
Property Features for 1420 Lancaster Dr NE
General Information
Standard status
Active
Size
4,200 SF
Lot size
1.65 Acres
Property subtype
RETAIL
Listing Agency:
First Commercial Real Estate
(503) 364-7400
Listed By:
Ruth Dana · License #900300123
Source:
Moodyscre
Added: Aug 14, 2025
Changed: Jul 10
Last Checked: Aug 22 at 11:52AM
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 First Commercial Real Estate
Investment Insights
Based on property information with market context.
This is a two-building retail strip center featuring seven tenants and a 4,200-square-foot vacancy. The property is located across the street from Fred Meyer and less than half a mile from the Market Street Interchange on Interstate 5. The exterior of the building was completely remodeled in 2019, which included new landscaping, facade, and pylon signage.
Key Highlights
- Prime location across from Fred Meyer and near the Market Street Interchange on Interstate 5.
- Retail strip center with seven existing tenants providing immediate income.
- Opportunity to increase revenue by leasing the 4,200SF vacancy.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,035
Businesses Nearby
Explore this area
Business Placement
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-building retail strip center with vacancy, remodeled in 2019.
Where is this strip mall located?
The property is located at 1420 Lancaster Dr NE Salem, OR.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Prime location across from Fred Meyer and near the Market Street Interchange on Interstate 5.; Retail strip center with seven existing tenants providing immediate income.; Opportunity to increase revenue by leasing the 4,200SF vacancy.
