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Standalone Corner Storefront
For Lease
$488,557

3385 Lancaster Dr NE, Salem, OR 97305

The property is zoned CR and occupies a corner location.

Space SizeContact for details
Property Size6,573 SF
Days on Market1336

Property Features for 3385 Lancaster Dr NE

General Information

Standard status Active
Size 6,573 SF
Total Parking Spaces 19
Zoning CR

Additional Details

Space Use Retail
Lease Term 60 months
Corner Location Yes

Building Details

Building Size 6,573 SF
Listing Agency: Mosar Commercial Properties
Listed By: Mike Mosar
Source: Allprofessionalsre
Added: Dec 16, 2022 Changed: Aug 11 Last Checked: Aug 12 at 12:28PM

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 Mosar Commercial Properties

Investment Insights

Based on property information with market context.

This standalone storefront property is positioned on a corner parcel at the intersection of Lancaster Dr NE and Silverton Rd. The asset is classified as a storefront property and carries CR zoning. Its freestanding configuration provides a distinct retail presence at a signalized? intersection—no, signalized is not supported. The property is offered for lease.

Key Highlights

  • Freestanding storefront configuration
  • Corner position at Lancaster Dr NE and Silverton Rd
  • CR zoning

Property Analytics

Current Use

KNECHTS AUTO PARTS Auto Parts Store

Suggested Use

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

727
Businesses Nearby
Under-served
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

Lease Benchmarks for Salem, OR

$20.66 /SF/Yr
Avg Asking Price
$14.4–$25 /SF/Yr
Price Range
10,850 SF
Avg Space Size

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
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Frequently Asked Questions

What type of property is this?
Storefront property - The property is zoned CR and occupies a corner location.
Where is this storefront property located?
The property is located at 3385 Lancaster Dr NE Salem, OR.
What is the lease rate?
The lease rate is $488,557.
What are key features of this property?
This property features: Freestanding storefront configuration; Corner position at Lancaster Dr NE and Silverton Rd; CR zoning
More about this property
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