Commercial Street Pad Site
For Lease
$38 SF/Yr
5785 Commercial Street, Salem, OR 97306
Freestanding pad site suitable for restaurant, bank, or retail.
Space SizeContact for details
Days on Market167
Property Features for 5785 Commercial Street
General Information
Standard status
Active
Property subtype
Retail
Lease Term
NNN
Listing Agency:
Rushing Group
(503) 588-8500
Listed By:
Bo Rushing · License #OR #930800196
Source:
Rushinggroup
Added: Mar 5
Changed: Aug 18
Last Checked: Aug 19 at 5:08AM
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 Rushing Group
Investment Insights
Based on property information with market context.
This freestanding pad site is located on busy South Commercial Street, less than a mile from I-5. It can accommodate up to 2,700 square feet for a financial institution or quick service restaurant with a drive-thru. The location offers high visibility and high traffic, with easy access via dual entrances and a signalized intersection. It is suitable for fast food, banking, or retail use. The site is located at Commercial Street and Wiltsey Road, just south of Safeway and north of I-5, surrounded by new and newly renovated apartments, and in close proximity to Creekside Golf Club and Sunnyside Road. A mixed-use development featuring approximately 70 apartment units and 5,000 to 10,000 square feet of retail space is planned for 2023 next door. The location benefits from great demographics and traffic counts, a signalized intersection at Commercial Street and Wiltsey Road, a mix of long-term successful tenants, and prime signage on busy Commercial Street. The space available ranges from 1,200 to 2,700 square feet.
Key Highlights
- High visibility/high traffic location less than a mile from I‑5
- Pad site suitable for financial institution or quick service restaurant with drive‑thru
- Next door to a mixed‑use development coming in 2023 featuring +/-70 apartment units as well as 5‑10k of retail space
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$5.70 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
638
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
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
This space is priced 51% above the average of $25.15 /SF/Yr.
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding pad site suitable for restaurant, bank, or retail.
Where is this retail space located?
The property is located at 5785 Commercial Street Salem, OR.
What is the lease rate?
The lease rate is $38 SF/Yr.
What are key features of this property?
This property features: High visibility/high traffic location less than a mile from I‑5; Pad site suitable for financial institution or quick service restaurant with drive‑thru; Next door to a mixed‑use development coming in 2023 featuring +/-70 apartment units as well as 5‑10k of retail space
