Retail Space with Large
For Lease
Contact for pricing
702 Lancaster Dr NE, Salem, OR 97301
Positioned across from Willamette Town Center with on-site parking and signage opportunities.
Space Size2,250 SF - 27,647 SF
Days on Market50
Property Features for 702 Lancaster Dr NE
General Information
Standard status
Active
Size
2,250 SF - 27,647 SF
Property subtype
Retail
Additional Details
Space Use
Retail
Amenities
large window
easy access
signage opportunities
Spaces For Lease
at 702 Lancaster Dr NE Contact usBuilding Active
Size
27,647 SF
QSR Pad Active
Size
2,250 SF
Listing Agency:
Capacity Commercial Group
Listed By:
Nick Williams · License #201230204
(503) 588-0400
Source:
Crexi
Added: Sep 1
Changed: Oct 16
Last Checked: Oct 19 at 4:32AM
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.
This retail space at 702 Lancaster Dr NE offers a storefront-oriented layout with large windows, signage opportunities, and access to a large parking lot serving employees and patrons. The property is suited to a future retail user seeking a visible commercial setting.
The building sits directly across Lancaster Drive NE from Willamette Town Center in Salem. Traffic on Lancaster Drive NE is estimated at ±29K ADTV, while the shopping center includes national tenants such as Nordstrom Rack, Barnes & Noble, Hobby Lobby, and Best Buy.
The building sits directly across Lancaster Drive NE from Willamette Town Center in Salem. Traffic on Lancaster Drive NE is estimated at ±29K ADTV, while the shopping center includes national tenants such as Nordstrom Rack, Barnes & Noble, Hobby Lobby, and Best Buy.
Key Highlights
- Directly across from Willamette Town Center
- ±29K ADTV estimated traffic on Lancaster Dr NE
- Large parking lot for employees and patrons
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
793
Businesses Nearby
Explore this area
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
$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 - Positioned across from Willamette Town Center with on-site parking and signage opportunities.
Where is this retail space located?
The property is located at 702 Lancaster Dr NE Salem, OR.
What are key features of this property?
This property features: Directly across from Willamette Town Center; ±29K ADTV estimated traffic on Lancaster Dr NE; Large parking lot for employees and patrons
