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Retail Suite with Established Co-Tenancy
For Lease
$7,439/Mo

1915-1991 Lancaster Dr Ne, Salem, OR 97317

Retail space in Lancaster Center near Bottle Drop, Verizon, and RAC.

Space SizeContact for details
Days on Market46

Property Features for 1915-1991 Lancaster Dr Ne

General Information

Standard status Active

Additional Details

Available From 2027-03
Anchor Co-Tenants Bottle Drop, Verizon, RAC

Building Details

Tenancy Multi
Listing Agency: SMI REAL ESTATE
Listed By: ELESA DOLL · License #200708163
Source: Exprealty
Added: Aug 7 Changed: Sep 20 Last Checked: Sep 21 at 8:26AM

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.

Suite 1991 offers 5,251 square feet of retail space within Lancaster Center. The center’s identified co-tenants include Bottle Drop, Verizon, and RAC, providing an established retail setting for the available premises.

The suite is located at 1915-1991 Lancaster Dr NE in Salem, Oregon. Availability is scheduled for March 2027, giving prospective occupants a defined timeline for planning and evaluation.

Key Highlights

  • 5,251 square feet of retail space
  • Suite 1991 scheduled to be available 03‑2027
  • Located within Lancaster Center

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
$2.55 /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

$30.86 /SF/Yr
Avg Asking Price
$10–$117 /SF/Yr
Price Range
8,722 SF
Avg Space Size

This space is priced 45% below the average of $30.86 /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 - Retail space in Lancaster Center near Bottle Drop, Verizon, and RAC.
Where is this retail space located?
The property is located at 1915-1991 Lancaster Dr Ne Salem, OR.
What is the lease rate?
The lease rate is $7,439/Mo.
What are key features of this property?
This property features: 5,251 square feet of retail space; Suite 1991 scheduled to be available 03‑2027; Located within Lancaster Center
More about this property
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