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Retail Space in Anchored Center
For Lease
$4,260/Mo

1915-1901 Lancaster Dr Ne, Salem, OR 97317

Approximately 3,000 square feet available within a multi-tenant retail center with established neighboring businesses.

Space SizeContact for details
Days on Market42

Property Features for 1915-1901 Lancaster Dr Ne

General Information

Standard status Active

Building Details

Tenancy Multi
Listing Agency: SMI REAL ESTATE
Listed By: ELESA DOLL · License #200708163
Source: Exprealty
Added: Aug 7 Changed: Sep 17 Last Checked: Sep 17 at 1:07AM

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.

This retail space comprises approximately 3,000 square feet within Lancaster Center, a multi-tenant commercial property in Salem. The center includes Bottle Drop, Verizon, and RAC as named occupants, providing an established mix of businesses within the property.

The premises are located at 1915-1901 Lancaster Dr NE in Salem, Oregon. The property information identifies visibility and high traffic counts as characteristics of the center, while the available space offers a substantial footprint for a retail user.

Key Highlights

  • Approximately 3,000 square feet of retail space
  • Located within Lancaster Center
  • Named neighboring businesses include Bottle Drop, Verizon, and RAC

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Auto Parts Store Law Firm HVAC Service

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

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$2.56 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

990
Businesses Nearby

Demographics for 97317, OR

25,852
Population
9,024
Households
2.9
Avg Household Size
38
Median Age
22%
College-Educated
86%
High-School Grad
55.2 sq mi
ZIP Area
468
Density / Sq Mi
$81,208
Median Household Income
$39,794
Median Earnings
$1,370
Median Rent
$382,500
Median Home Value

Market

Lease Benchmarks for Salem, OR

$33.74 /SF/Yr
Avg Asking Price
$10–$117 /SF/Yr
Price Range
8,898 SF
Avg Space Size

This space is priced 49% below the average of $33.74 /SF/Yr.

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Approximately 3,000 square feet available within a multi-tenant retail center with established neighboring businesses.
Where is this retail space located?
The property is located at 1915-1901 Lancaster Dr Ne Salem, OR.
What is the lease rate?
The lease rate is $4,260/Mo.
What are key features of this property?
This property features: Approximately 3,000 square feet of retail space; Located within Lancaster Center; Named neighboring businesses include Bottle Drop, Verizon, and RAC
More about this property
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