End-Cap Retail
For Lease
$22 SF/Yr
2050 Lancaster Dr Ne, Salem, OR 97305
MU-III zoning supports retail, personal services, office, medical, and food uses.
Space Size2,550 SF
Property Size9,393 SF
Days on Market22
Property Features for 2050 Lancaster Dr Ne
General Information
Standard status
Active
Size
2,550 SF
Net Rentable
2,550 SF
Zoning
MU-III
Space & Availability
Available Space
2,550 SF
Contiguous Space
2,550 SF
Space Use
Retail
Site & Location
Neighborhood
East Lancaster Neighborhood Association (Elna)
End Cap
Yes
Building Details
Stories
2
Building Size
9,393 SF
Listing Agency:
COLDWELL BNKR/COMMERCIAL DIV
(503) 588-3508
Listed By:
TYLER HOUCK
(503) 502-3143
Source:
Exprealty
Added: Oct 16
Changed: Nov 4
Last Checked: Nov 4 at 2:18PM
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 COLDWELL BNKR/COMMERCIAL DIV
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Investment Insights
Based on property information with market context.
A 2,550-square-foot end-cap retail suite is part of a two-story, 9,393-square-foot retail building. The property offers shared parking and signage subject to the landlord’s criteria. MU-III zoning supports a range of uses, including retail, personal services, office, medical, and food uses.
The building is on Lancaster Drive NE in Salem, next to a 7-Eleven. The surrounding ZIP code, 97305, has more than 44,000 residents and has grown 16%.
The building is on Lancaster Drive NE in Salem, next to a 7-Eleven. The surrounding ZIP code, 97305, has more than 44,000 residents and has grown 16%.
Key Highlights
- 2,550‑square‑foot end‑cap suite in a 9,393‑square‑foot, two‑story retail building
- MU‑III zoning accommodates retail, personal services, office, medical, and food uses
- Shared parking and signage, subject to landlord criteria
Property Analytics
Who owns this building?
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.30 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
990
Businesses Nearby
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Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Salem, OR
$28.57 /SF/Yr
Avg Asking Price
$10–$117 /SF/Yr
Price Range
8,098 SF
Avg Space Size
This space is priced 23% below the average of $28.57 /SF/Yr.
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - MU-III zoning supports retail, personal services, office, medical, and food uses.
Where is this retail space located?
The property is located at 2050 Lancaster Dr Ne Salem, OR.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: 2,550‑square‑foot end‑cap suite in a 9,393‑square‑foot, two‑story retail building; MU‑III zoning accommodates retail, personal services, office, medical, and food uses; Shared parking and signage, subject to landlord criteria
