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Retail or Office Suites with On-Site Parking
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4555 1073 Hermitage Way S, Salem, OR 97302

CR-zoned retail or office suites with private on-site parking and three spaces available at a signaled intersection.

Space Size1,472 SF
Days on Market1022

Property Features for 4555 1073 Hermitage Way S

General Information

Standard status Active
Size 1,472 SF
Net Rentable 1,277 SF
Property subtype RETAIL
Zoning CR
Lease Type NNN

Additional Details

Available Space 1,277-1,914 SF
CAM $0.32 /USD/SF/MO

Amenities

private onsite parking
high visibility location
signaled intersection

Building Details

Tenancy Multi

Spaces For Lease

at 4555 1073 Hermitage Way S Contact us

4555 Liberty Rd S $1.83/SF/Mo

Floor
1
Size
1,472 SF
Type
RETAIL
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
- 6 Months Free Rent - terms apply - 1,277 - 1,914 SF Available - NNN Estimated at...
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Listing Agency: Tradition Real Estate Partners
Listed By: Paula Moseley · License #201233012
Source: Moodyscre
Added: Nov 3, 2023 Changed: Aug 14 Last Checked: Aug 20 at 4:21AM

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

Investment Insights

Based on property information with market context.

This property offers retail or office suites with private on-site parking. Three spaces are available, totaling 1,277 to 1,914 square feet of leasing area. The property is CR zoned and is presented with an NNN lease structure, estimated as applicable.

The location provides high visibility at a signaled intersection, with pylon signage on site to support customer awareness. Visibility and access are key considerations for businesses seeking retail-facing or office-oriented exposure.

Suites within the available range can support a variety of retail and office uses consistent with the CR zoning designation, with private on-site parking available for tenants and customers.

Key Highlights

  • 1,277 to 1,914 SF available across three retail or office suites
  • CR zoned property offering retail or office suites
  • Private on‑site parking for tenants and customers

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Hair Salon Spa & Massage Center Building Supply Nail Salon Restaurant

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
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

402
Businesses Nearby

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

Lease Benchmarks for Salem, OR

$25.15 /SF/Yr
Avg Asking Price
$10–$38 /SF/Yr
Price Range
10,351 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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - CR-zoned retail or office suites with private on-site parking and three spaces available at a signaled intersection.
Where is this retail space located?
The property is located at 4555 1073 Hermitage Way S Salem, OR.
What are key features of this property?
This property features: 1,277 to 1,914 SF available across three retail or office suites; CR zoned property offering retail or office suites; Private on‑site parking for tenants and customers
(503) 804-4653 Call to check price and availability
More about this property
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