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Retail Suite in Shopping Center
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1991 LANCASTER DR, Salem, OR 97305

Suite 1991 offers retail space within Lancaster Center, supported by established center anchors.

Space Size5,251 SF
Days on Market12

Property Features for 1991 LANCASTER DR

General Information

Standard status Active
Size 5,251 SF
Property subtype Retail

Additional Details

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

Building Details

Tenancy Multi

Spaces For Lease

at 1991 LANCASTER DR Contact us

#1

Size
5,251 SF
Availability
Active
Contact us
Listing Agency: SMI Real Estate
Listed By: Elesa Doll · License #OR 200708163
Source: Crexi
Added: Sep 15 Changed: Sep 21 Last Checked: Sep 26 at 7:00AM

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 is a retail space at Lancaster Center, located at 1991 Lancaster Dr in Salem, Oregon. The center is anchored by Bottle Drop, Verizon, and RAC, providing an established retail setting for the available space.

The suite is scheduled to become available in 03-2027. Its placement within Lancaster Center offers a tenant location alongside the named anchor businesses and other center occupants.

Key Highlights

  • Retail space at Lancaster Center
  • Anchored by Bottle Drop, Verizon, and RAC
  • Suite 1991 available 03‑2027

Property Analytics

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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.

Lease Details

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

990
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Suite 1991 offers retail space within Lancaster Center, supported by established center anchors.
Where is this retail space located?
The property is located at 1991 LANCASTER DR Salem, OR.
What are key features of this property?
This property features: Retail space at Lancaster Center; Anchored by Bottle Drop, Verizon, and RAC; Suite 1991 available 03‑2027
(503) 390-6060 Call to check price and availability
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