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Flex Space with Fenced Yard
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318-320 Lancaster Dr NE, Salem, OR 97301

Flex space with an open, naturally lit retail area, roll-up door, and fenced yard, zoned Commercial General with shared parking.

Property Size2,791 SF
Days on Market17

Property Features for 318-320 Lancaster Dr NE

General Information

Standard status Active
Size 2,791 SF
Property subtype FLEX_R_AND_D
Lease Type SF/mo
Listing Agency: Hancock Real Estate
Listed By: Terry Hancock · License #200110013
Source: Moodyscre
Added: Jul 14 Changed: Jul 29 Last Checked: Jul 29 at 2:36PM

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 Hancock Real Estate

Investment Insights

Based on property information with market context.

Flex space totaling 2,791 SF includes an open retail area with natural light, a warehouse section with a roll-up door, one private office, and a restroom. An additional 2,610 SF fenced yard space is also available for tenant use.

The property is zoned Commercial General and includes 13 shared parking spaces to support customer or employee access. Lease terms are described as Modified Gross.

The combination of retail frontage-ready space and warehouse functionality, along with the added fenced yard, can support a range of flexible business needs that benefit from both customer-facing area and operations space.

Key Highlights

  • 2,791 SF flex space with open retail area with natural light
  • Warehouse area includes a roll‑up door
  • Includes one private office and one restroom

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Law Firm Real Estate Agency HVAC Service Skin Care Clinic Electrical Service Spa & Massage 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

Modified Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

1,057
Businesses Nearby
Under-served
Demand for This Use

Demographics for 97301, OR

56,393
Population
21,419
Households
2.6
Avg Household Size
34
Median Age
18%
College-Educated
81%
High-School Grad
11.3 sq mi
ZIP Area
4,991
Density / Sq Mi
$57,497
Median Household Income
$33,220
Median Earnings
$1,197
Median Rent
$310,800
Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025
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Similar Off Market Nearby

  • Dalias Catering Service — 322 Pansy Way NE, Salem, OR 97301

Frequently Asked Questions

What type of property is this?
Flex space - Flex space with an open, naturally lit retail area, roll-up door, and fenced yard, zoned Commercial General with shared parking.
Where is this flex space located?
The property is located at 318-320 Lancaster Dr NE Salem, OR.
What are key features of this property?
This property features: 2,791 SF flex space with open retail area with natural light; Warehouse area includes a roll‑up door; Includes one private office and one restroom
(503) 370-2581 Call to check price and availability
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