Multi-Suite Retail Shopping
2205-2421 Lancaster Dr NE, Salem, OR 97305
For Lease
Contact for pricing
Four available units can serve retail, restaurant, service, or other commercial businesses.
Space Size1,868 SF - 11,960 SF
Days on Market8
Property Features for 2205-2421 Lancaster Dr NE
General Information
Standard status
Size
Net Rentable
Property subtype
Site & Location
Neighborhood
Anchor Co-Tenants
Traffic Count
Highway Access
Road Access
Additional Details
Available Space
Building Details
Tenancy
Spaces For Lease
at 2205-2421 Lancaster Dr NE Contact usSuite 2265 Active
Size
1,868 SF
Suite 2395 Active
Size
6,120 SF
Suite 2421-B Active
Size
7,800 SF
Future Pad Site Active
Contact usSuite 2245 Active
Size
11,960 SF
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Listing Agency:
Tradition Real Estate Partners
Listed By:
AJ Nash · License OR #201208908
(503) 559-9279
Source:
Crexi
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 10 at 7:30AM
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 Tradition Real Estate Partners
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Investment Insights
Based on property information with market context.
This multi-tenant shopping center has four available spaces, ranging from approximately 1,868 SF to 11,960 SF. Current co-tenants include Ross Dress for Less, Big 5 Sporting Goods, La Tapatia Supermarket, Banfield Pet Hospital, Party Mart, and Crunch Fitness. Bi-Mart serves as a shadow anchor, alongside a mix of local and regional businesses.
The center fronts Lancaster Drive, which carries approximately 34,814 ADT per day. It sits just north of Willamette Town Center and across from Kaiser Permanente's North Lancaster Medical Office. Walmart Supercenter, Fred Meyer, Grocery Outlet, Les Schwab Tire Center, and Planet Fitness are also nearby. Multiple entry points connect the property to Lancaster Drive, and building and pylon signs are available. The I-5 interchange is nearby, providing regional access.
The center fronts Lancaster Drive, which carries approximately 34,814 ADT per day. It sits just north of Willamette Town Center and across from Kaiser Permanente's North Lancaster Medical Office. Walmart Supercenter, Fred Meyer, Grocery Outlet, Les Schwab Tire Center, and Planet Fitness are also nearby. Multiple entry points connect the property to Lancaster Drive, and building and pylon signs are available. The I-5 interchange is nearby, providing regional access.
Key Highlights
- Four available spaces range from approximately 1,868 SF to 11,960 SF
- Lancaster Drive traffic is approximately 34,814 ADT per day
- Current co‑tenants include Ross Dress for Less, Big 5 Sporting Goods, La Tapatia Supermarket, Banfield Pet Hospital, Party Mart, and Crunch Fitness
Property Analytics
Current Use
Lease Details
34,814 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
942
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Market
Lease Benchmarks for Salem, OR
$18.45 /SF/Yr
Avg Asking Price
$10–$29.76 /SF/Yr
Price Range
15,175 SF
Avg Space Size
Properties on Market for Shopping centers in Salem
Vacancy Rate% for Retail in West region
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 - Four available units can serve retail, restaurant, service, or other commercial businesses.
Where is this shopping center located?
The property is located at 2205-2421 Lancaster Dr NE Salem, OR.
What are key features of this property?
This property features: Four available spaces range from approximately 1,868 SF to 11,960 SF; Lancaster Drive traffic is approximately 34,814 ADT per day; Current co‑tenants include Ross Dress for Less, Big 5 Sporting Goods, La Tapatia Supermarket, Banfield Pet Hospital, Party Mart, and Crunch Fitness
