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Lancaster Center Shopping Center
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1991 Lancaster Dr NE, Salem, OR 97305

Retail center featuring Bottle Drop, Verizon, and RAC as established occupants.

Property Size5,251 SF
Price / SF$1.42
Days on Market19

Property Features for 1991 Lancaster Dr NE

General Information

Standard status Active
Size 5,251 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 11 Changed: Aug 28 Last Checked: Aug 25 at 3:59AM

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 Center is a 5,251 SF shopping center at 1991 Lancaster Dr NE in Salem, Oregon. The property includes an established occupant mix featuring Bottle Drop, Verizon, and RAC, providing a range of retail and service-oriented businesses within the center.

Suite 1991 is scheduled to become available in 03-2027. The center’s existing tenant lineup offers identifiable retail context for businesses evaluating space within the property.

Key Highlights

  • 5,251 SF shopping center at 1991 Lancaster Dr NE, Salem, OR 97305
  • Existing occupants include Bottle Drop, Verizon, and RAC
  • Suite 1991 scheduled to be available in 03‑2027

Property Analytics

Current Use

Verizon Electronics & Wireless Store

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Law Firm Auto Parts Store Gym & Fitness Center

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

990
Businesses Nearby
Balanced
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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Retail center featuring Bottle Drop, Verizon, and RAC as established occupants.
Where is this shopping center located?
The property is located at 1991 Lancaster Dr NE Salem, OR.
What are key features of this property?
This property features: 5,251 SF shopping center at 1991 Lancaster Dr NE, Salem, OR 97305; Existing occupants include Bottle Drop, Verizon, and RAC; Suite 1991 scheduled to be available in 03‑2027
More about this property
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