High-Traffic Corner Lot Retail
For Lease
Contact for pricing
1516 Commercial St NE, Salem, OR
Retail space on a high-traffic corner lot with parking.
Space Size1,446 SF - 1,662 SF
Lot Size0.20 Acres
Days on Market446
Property Features for 1516 Commercial St NE
General Information
Standard status
Active
Size
1,446 SF - 1,662 SF
Lot size
0.20 Acres
Property subtype
RETAIL
Lease Type
NNN
Site & Location
Neighborhood
Grant Neighborhood Association
Spaces For Lease
at 1516 Commercial St NE Contact us301 Shipping St NE $1.95/SF/Mo
Floor
1
Size
1,446 SF
Type
RETAIL
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, Now
Sublease
No
- This corner lot property on .20 acres is a very high traffic location, close to Downtown Salem, Keizer and Dr. Martin Luther King, Jr. Parkway. The property has its own private parking lot plus plenty of street parking and excellent signage on both Commercial St and Shipping St.
Contact us 309 Shipping St NE $2.00/SF/Mo
Floor
1
Size
1,662 SF
Type
RETAIL
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
- This corner lot property on .20 acres is a very high traffic location, close to Downtown Salem, Keizer and Dr. Martin Luther King, Jr. Parkway. The property has its own private parking lot plus plenty of street parking and excellent signage on both Commercial St and Shipping St.
Contact us
Listing Agency:
SMI Real Estate
(503) 390-6060
Listed By:
Kassandra Bruhn
(503) 939-5035
Source:
Moodyscre
Added: Aug 13, 2025
Changed: Oct 25
Last Checked: Nov 1 at 9:28AM
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 SMI Real Estate
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Investment Insights
Based on property information with market context.
This corner lot property is situated on 0.20 acres in a high-traffic location. The property is near Downtown Salem, Keizer, and Dr. Martin Luther King, Jr. Parkway. It features a private parking lot, ample street parking, and signage on both Commercial Street and Shipping Street. The property offers 1662 square feet of retail space.
Key Highlights
- High traffic location
- Corner lot property on .20 acres
- Private parking lot
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
1,188
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Lease Benchmarks for Salem, OR
$29.93 /SF/Yr
Avg Asking Price
$10–$117 /SF/Yr
Price Range
7,878 SF
Avg Space Size
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Retail space on a high-traffic corner lot with parking.
Where is this retail space located?
The property is located at 1516 Commercial St NE Salem, OR.
What are key features of this property?
This property features: High traffic location; Corner lot property on .20 acres; Private parking lot
