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Lancaster Shopping Center Retail Space
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1895 Lancaster Dr NE, Salem, OR 97305

Medium-box retail space within a tenant mix anchored by Bottle Drop, Verizon, and RAC.

Property Size13,296 SF
Price / SF$1.17
Days on Market12

Property Features for 1895 Lancaster Dr NE

General Information

Standard status Active
Size 13,296 SF
Property subtype Farm/Ranch

Additional Details

Anchor Co-Tenants Bottle Drop, Verizon, RAC
Listing Agency: SMI REAL ESTATE
Listed By: ELESA DOLL · License #200708163
Source: Amymcleod
Added: Aug 18 Changed: Aug 28 Last Checked: Aug 28 at 12:56PM

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

Investment Insights

Based on property information with market context.

Lancaster Shopping Center includes a medium-box retail space suited to a gym or another retail operation. The center is anchored by Bottle Drop, Verizon, and RAC, creating a mix of established commercial occupants within the property.

The property is located at 1895 Lancaster Dr NE in Salem, Oregon. The center is positioned in a high-traffic setting and offers exposure within the Lancaster Drive commercial corridor.

Key Highlights

  • Medium‑box retail space within Lancaster Shopping Center
  • Anchored by Bottle Drop, Verizon, and RAC
  • Suitable for a gym or other retail user

Property Analytics

Current Use

T-Shirts Outlet (Bike/Boat/Book/etc) Store Gen X Clothing Store

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Big Box & Wholesale Store Building Supply Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

193
Businesses Nearby
Under-served
Demand for This Use

Demographics for 97305, OR

44,535
Population
15,219
Households
2.9
Avg Household Size
33
Median Age
16%
College-Educated
77%
High-School Grad
47.2 sq mi
ZIP Area
944
Density / Sq Mi
$64,581
Median Household Income
$32,554
Median Earnings
$1,386
Median Rent
$339,100
Median Home Value

Market

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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Similar Off Market Nearby

  • Coinstar Kiosk | Bitcoin ATM WinCo, 1240 Lancaster Dr SE, Salem, OR 97317
  • Rickey Street Plaza Four Corners, OR 97317

Frequently Asked Questions

What type of property is this?
Shopping center - Medium-box retail space within a tenant mix anchored by Bottle Drop, Verizon, and RAC.
Where is this shopping center located?
The property is located at 1895 Lancaster Dr NE Salem, OR.
What are key features of this property?
This property features: Medium‑box retail space within Lancaster Shopping Center; Anchored by Bottle Drop, Verizon, and RAC; Suitable for a gym or other retail user
More about this property
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