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Shopping Center with Development Land
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Pending

3800-3995 Commercial St SE, Salem, OR 97302

Retail complex with vacant space, established food and entertainment tenants, shared parking, and MU-III zoning.

Property SizeContact for details
Days on Market143

Property Features for 3800-3995 Commercial St SE

General Information

Standard status Pending
Property subtype Retail
Listing Agency: Coldwell Banker
Listed By: Alex Rhoten · License #OR
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 6:44PM

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.

Southgate Shopping Center is a multi-tenant retail complex with approximately 47,735 SF of building area and an available 17,280 SF space. The center includes national operators Panda Express and Chipotle alongside Donatello's Pizza, Ollies Games, and On Any Sundae. The vacant suite provides an existing retail configuration for an owner-user or future tenant.

The property comprises six parcels totaling 6.81 acres at 3800-3995 Commercial St SE in Salem, Oregon. Access is supported by a shared parking and access agreement with neighboring owners, and the south side borders Browning Avenue at a signalized intersection. Behind the main building, 1.36 AC of vacant land is zoned MU-III (Mixed-Use III), creating an additional development component. The original improvements date to 1982.

Key Highlights

  • Approximately 47,735 SF shopping center with 17,280 SF available space
  • Six parcels totaling 6.81 acres
  • 1.36 AC of vacant land behind the main building

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick HVAC Service Big Box & Wholesale Store Parking Lot & Garage Auto Parts Store Gym & Fitness Center Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

705
Businesses Nearby
Under-served
Demand for This Use

Demographics for 97302, OR

39,776
Population
17,888
Households
2.2
Avg Household Size
41
Median Age
43%
College-Educated
95%
High-School Grad
23.5 sq mi
ZIP Area
1,693
Density / Sq Mi
$83,697
Median Household Income
$44,623
Median Earnings
$1,230
Median Rent
$415,200
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
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Similar Off Market Nearby

  • Halicuna Bay Mall 3969 Commercial St SE, Salem, OR 97302
  • Coinstar Kiosk | Bitcoin ATM Kroger - Fred Meyer Inc., 3450 Commercial, 3450 Commercial St SE, Salem, OR 97302

Frequently Asked Questions

What type of property is this?
Shopping center - Retail complex with vacant space, established food and entertainment tenants, shared parking, and MU-III zoning.
Where is this shopping center located?
The property is located at 3800-3995 Commercial St SE Salem, OR.
What are key features of this property?
This property features: Approximately 47,735 SF shopping center with 17,280 SF available space; Six parcels totaling 6.81 acres; 1.36 AC of vacant land behind the main building
More about this property
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