Freestanding Retail
For Lease
$4,519/Mo
5498 Commercial St SE, Salem, OR 97306
Freestanding commercial building on Commercial St SE in a high-traffic retail corridor with reported average daily traffic.
Space Size2,940 SF
Days on Market111
Property Features for 5498 Commercial St SE
General Information
Standard status
Active
Size
2,940 SF
Property subtype
Retail
Lease Term
NNN
Additional Details
Traffic Count
30,600 vehicles/day
Building Details
Building Size
2,940 SF
Year Built
1959
Spaces For Lease
at 5498 Commercial St SE
5498 Commercial St SE
$4,519/Mo
Size
2,940 SF
Type
Street Retail
Term
Negotiable
Listing Agency:
Capacity Commercial Group
Listed By:
Nick Williams, CCIM · License #201230204
(503) 569-4449
Source:
Capacitycommercial
Added: Jul 3
Changed: Oct 11
Last Checked: Oct 20 at 7:32PM
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 Capacity Commercial Group
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Investment Insights
Based on property information with market context.
Freestanding commercial retail building available for lease, positioned for prominent street exposure along Commercial St SE. The property is described as having strong visibility and frontage, supporting retail and service users that benefit from consistent drive-by awareness.
Public remarks report average daily traffic of approximately 30,600 vehicles per day, indicating a heavily traveled arterial corridor serving the surrounding community.
The offering is for the building as-is/for lease, with a straightforward street-facing presence intended to support storefront operations.
Public remarks report average daily traffic of approximately 30,600 vehicles per day, indicating a heavily traveled arterial corridor serving the surrounding community.
The offering is for the building as-is/for lease, with a straightforward street-facing presence intended to support storefront operations.
Key Highlights
- Freestanding commercial building on Commercial St SE in South Salem
- Reported average daily traffic of approximately 30,600 vehicles per day
- High‑traffic retail corridor setting with strong street frontage and visibility
Property Analytics
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Current Use
Lease Details
30,600 VPD
Traffic count
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
Explore this area
Business Placement
Demographics for 97306, OR
34,715
Population
14,151
Households
2.5
Avg Household Size
38
Median Age
42%
College-Educated
95%
High-School Grad
32.4 sq mi
ZIP Area
1,071
Density / Sq Mi
$89,773
Median Household Income
$50,931
Median Earnings
$1,455
Median Rent
$438,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Salem, OR
$29.79 /SF/Yr
Avg Asking Price
$10–$117 /SF/Yr
Price Range
7,878 SF
Avg Space Size
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Freestanding commercial building on Commercial St SE in a high-traffic retail corridor with reported average daily traffic.
Where is this retail space located?
The property is located at 5498 Commercial St SE Salem, OR.
What is the lease rate?
The lease rate is $4,519/Mo.
What are key features of this property?
This property features: Freestanding commercial building on Commercial St SE in South Salem; Reported average daily traffic of approximately 30,600 vehicles per day; High‑traffic retail corridor setting with strong street frontage and visibility
