Retail Space at Signalized
498 Lancaster Dr NE, Salem, OR 97301
For Lease
$102,300
CR zoning and a signal-controlled intersection are key property features.
Space Size2,420 SF - 4,920 SF
Days on Market487
Property Features for 498 Lancaster Dr NE
General Information
Standard status
Size
Net Rentable
Zoning
Site & Location
Neighborhood
Anchor Co-Tenants
Additional Details
Available Space
Building Details
Building Size
Tenancy
Listing Agency:
Coldwell Bnkr/Commercial Div
(503) 588-3508
Listed By:
Alex Rhoten · License OR #841000042
(503) 587-4777
Source:
Horsepowerrealestateproperties
Added: Jul 17, 2025
Changed: Nov 11
Last Checked: Nov 14 at 2:45PM
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 Bnkr/Commercial Div
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Investment Insights
Based on property information with market context.
Retail space at the Lancaster and Auburn Road signalized intersection is available for lease. The shopping center is anchored by The Vitamin Shop, with Target Shopping Center and Willamette Town Center Mall one block to the north. The property is zoned CR.
Key Highlights
- Signalized intersection of Lancaster and Auburn Road
- Anchored by The Vitamin Shop
- One block south of Target Shopping Center and Willamette Town Center Mall
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
472
Businesses Nearby
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Business Placement
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
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Market
Lease Benchmarks for Salem, OR
$28.93 /SF/Yr
Avg Asking Price
$10–$117 /SF/Yr
Price Range
7,845 SF
Avg Space Size
Properties on Market for Retail space in Salem
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - CR zoning and a signal-controlled intersection are key property features.
Where is this retail space located?
The property is located at 498 Lancaster Dr NE Salem, OR.
What is the lease rate?
The lease rate is $102,300.
What are key features of this property?
This property features: Signalized intersection of Lancaster and Auburn Road; Anchored by The Vitamin Shop; One block south of Target Shopping Center and Willamette Town Center Mall
