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Large-Format Retail Space
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1895 Lancaster Dr Ne, Salem, OR 97305

Flexible commercial space suited to gym or other retail use.

Space SizeContact for details
Days on Market6

Property Features for 1895 Lancaster Dr Ne

General Information

Standard status Active
Listing Agency: SMI Commercial Real Estate LLC
Listed By: Elesa Doll · License #200708163
Source: Exprealty
Added: Aug 26 Changed: Aug 31 Last Checked: Aug 31 at 9:40AM

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 Commercial Real Estate LLC

Investment Insights

Based on property information with market context.

This 13,296-square-foot retail space is positioned within Lancaster Center and offers a format suited to a gym or other retail use. The property provides a substantial footprint for commercial operations within an established shopping center setting.

Existing center tenants include Bottle Drop, Verizon, and RAC, providing a mix of recognizable retail and service businesses at the property. The space is located at 1895 Lancaster Dr NE in Salem, Oregon.

Key Highlights

  • 13,296‑square‑foot retail space
  • Located within Lancaster Center
  • Suitable for gym or other retail use

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.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

193
Businesses Nearby

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

Lease Benchmarks for Salem, OR

$34.1 /SF/Yr
Avg Asking Price
$10–$117 /SF/Yr
Price Range
10,545 SF
Avg Space Size

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 - Flexible commercial space suited to gym or other retail use.
Where is this retail space located?
The property is located at 1895 Lancaster Dr Ne Salem, OR.
What are key features of this property?
This property features: 13,296‑square‑foot retail space; Located within Lancaster Center; Suitable for gym or other retail use
More about this property
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