Retail Shopping Center with Developable
For Sale
Contact for pricing
Pending
1570-1630 Lancaster Drive NE, Salem, OR 97301
Established center with four buildings, two bare land lots, on-site parking, and rear access from Clay Street.
Property SizeContact for details
Days on Market143
Property Features for 1570-1630 Lancaster Drive NE
General Information
Standard status
Pending
Total Parking Spaces
102
Property subtype
Retail
Occupancy
90%
Property Condition
Severity
Repairs Needed
Evidence
showing signs of alligatoring
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Building Details
Year Built
1981
Buildings
4
Tenancy
Multi
Listing Agency:
Coldwell Banker
Listed By:
Alex Rhoten · License #OR
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Sep 1 at 12:46AM
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
Investment Insights
Based on property information with market context.
This retail shopping center includes four commercial buildings and two undeveloped tax lots. The slab buildings were constructed in 1981 and feature LP siding with membrane, metal, or tile-faced roofing. Several suites have undergone recent interior remodeling. On-site infrastructure includes gas and electric meters, three dumpster locations, prominent signage, and a rear entrance and exit connecting to Clay Street. The parking area was resurfaced approximately 10 years ago and provides 102 spaces, including 1 ADA space, though the surface shows signs of alligatoring.
The property is 90% leased and includes tenants such as Don Pedro, Queens Night Club, Mercado San Francisco, Wizzi Salon, Boost Mobile, Delicioso Fresh, El Nopal, and Super Pho. The two bare land tax lots total approximately 20,909 SF (0.48 AC) of developable land. The center sits near NE Market Street and NE Lancaster Drive, across from Fred Meyer and north of Lancaster Mall, with Interstate-5 access in less than two minutes.
The property is 90% leased and includes tenants such as Don Pedro, Queens Night Club, Mercado San Francisco, Wizzi Salon, Boost Mobile, Delicioso Fresh, El Nopal, and Super Pho. The two bare land tax lots total approximately 20,909 SF (0.48 AC) of developable land. The center sits near NE Market Street and NE Lancaster Drive, across from Fred Meyer and north of Lancaster Mall, with Interstate-5 access in less than two minutes.
Key Highlights
- 90% leased retail center with four commercial buildings and two bare land tax lots
- Approximately 20,909 SF (0.48 AC) of developable land across tax lots R76492 and R76493
- Parking area includes 102 spaces, including 1 ADA space
Property Analytics
Current Use
Lease Details
90%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,057
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 97301, OR
56,393
Population
21,419
Households
2.6
Avg Household Size
34
Median Age
18%
College-Educated
81%
High-School Grad
11.3 sq mi
ZIP Area
4,991
Density / Sq Mi
$57,497
Median Household Income
$33,220
Median Earnings
$1,197
Median Rent
$310,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - Established center with four buildings, two bare land lots, on-site parking, and rear access from Clay Street.
Where is this shopping center located?
The property is located at 1570-1630 Lancaster Drive NE Salem, OR.
What are key features of this property?
This property features: 90% leased retail center with four commercial buildings and two bare land tax lots; Approximately 20,909 SF (0.48 AC) of developable land across tax lots R76492 and R76493; Parking area includes 102 spaces, including 1 ADA space
