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Multi-Tenant Shopping Center
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Pending

3260 Lancaster Dr NE, Salem, OR 97305

Retail center with leased storefronts, extensive parking, and coordinated parking arrangements with neighboring users.

Property Size61,362 SF
Days on Market143

Property Features for 3260 Lancaster Dr NE

General Information

Standard status Pending
Size 61,362 SF
Total Parking Spaces 500
Property subtype Retail

Building Details

Tenancy Multi
Listing Agency: Coldwell Banker
Listed By: Alex Rhoten · License #OR
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 2:59AM

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 Banker

Investment Insights

Based on property information with market context.

This multi-tenant shopping center comprises 16 parcels with 61,362 square feet of building area and a 234,902-square-foot parking lot. The property is occupied by nine tenants, with two additional tenant leases held by the owner. The site includes retail buildings along with substantial parking and land areas.

The property is located at 3260 Lancaster Drive NE in Salem, Oregon. Parking totals 500 spaces, including 33 spaces on the Los Dos Amigos plat and 467 spaces associated with Pioneer Square. Of the Pioneer Square spaces, 360 are shared non-exclusively with the State Offices. ADA parking includes six spaces near 3200–3260 Lancaster Drive NE and six additional spaces south of the State Office.

Key Highlights

  • 16‑parcel shopping center with 61,362 SF of building space
  • 234,902‑square‑foot parking lot supporting the retail buildings
  • 500 total parking spaces across the property

Property Analytics

Current Use

Miranda Bros Bakery Bakery

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Spa & Massage Center Hair Salon

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

Location Intelligence

Trade Area within ½ mile

655
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

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Retail center with leased storefronts, extensive parking, and coordinated parking arrangements with neighboring users.
Where is this shopping center located?
The property is located at 3260 Lancaster Dr NE Salem, OR.
What are key features of this property?
This property features: 16‑parcel shopping center with 61,362 SF of building space; 234,902‑square‑foot parking lot supporting the retail buildings; 500 total parking spaces across the property
More about this property
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