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Shopping Center at Signalized Intersection
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2025-2423 Lancaster Dr NE, Salem, OR 97305

Shopping center positioned at the signalized intersection of Lancaster Dr NE and Sunnyview Road in Salem.

Property Size49,192 SF
Price / SF$124
Days on Market492

Property Features for 2025-2423 Lancaster Dr NE

General Information

Standard status Active
Size 49,192 SF
Property subtype RETAIL
Listing Agency: SVN Imbrie Realty
Listed By: Ryan Imbrie, CCIM · License #200402198
Source: Moodyscre
Added: Jun 12, 2025 Changed: Oct 7 Last Checked: Oct 14 at 10:11PM

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 SVN Imbrie Realty

Rey
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Investment Insights

Based on property information with market context.

This shopping center contains 49,192 square feet of commercial property. The asset is situated at the signalized intersection of Lancaster Dr NE and Sunnyview Road, providing a defined location for retail-oriented operations.

The property is located at 2025-2423 Lancaster Dr NE in Salem, Oregon, within ZIP code 97305.

Key Highlights

  • 49,192‑square‑foot shopping center
  • Signalized intersection of Lancaster Dr NE and Sunnyview Road
  • Located at 2025‑2423 Lancaster Dr NE, Salem, OR 97305

Property Analytics

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Current Use

Shopping centers

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

1,061
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Similar Off Market Nearby

  • Market Square — Hawthorne Ave NE, Salem, OR 97301
  • Coinstar Kiosk - Bitcoin ATM — Kroger - Fred Meyer Inc, 3740 Market St NE, Salem, OR 97301
  • Roseland Center — Salem, OR 97301
  • LanSunny Plaza — 1970 Lancaster Dr NE, Salem, OR 97305
  • Village East Shopping Center — 2421 Lancaster Dr NE, Salem, OR 97305

Frequently Asked Questions

What type of property is this?
Shopping center - Shopping center positioned at the signalized intersection of Lancaster Dr NE and Sunnyview Road in Salem.
Where is this shopping center located?
The property is located at 2025-2423 Lancaster Dr NE Salem, OR.
What is the asking price?
The asking price for this property is $6,100,000.
What are key features of this property?
This property features: 49,192‑square‑foot shopping center; Signalized intersection of Lancaster Dr NE and Sunnyview Road; Located at 2025‑2423 Lancaster Dr NE, Salem, OR 97305
(503) 705-7352 Call to check price and availability
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