Neighborhood Retail Center with
For Sale
$4,390,000
7338 Crater Lake, White City, OR 97503
Two-building retail center anchored by Dollar Tree and includes a leased restaurant with an existing drive-thru lane.
Property Size30,110 SF
Lot Size4.07 Acres
Price / SF$145.80
Days on Market42
Property Features for 7338 Crater Lake
General Information
Standard status
Active
Size
30,110 SF
Lot size
4.07 Acres
Property subtype
Commercial
Financials
Business Included
No
Opportunity Zone
Yes
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1989
Tenancy
Multi
Listing Agency:
Merit Commercial RE,LLC
Listed By:
Caspian C Hoehne
(541) 548-2131
Source:
Century21northhomes
Added: Jun 19
Changed: Jul 28
Last Checked: Jul 29 at 4:52PM
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 Merit Commercial RE,LLC
Investment Insights
Based on property information with market context.
Lakewood Shopping Center is a well-established neighborhood retail property offered exclusively for sale. The center includes two buildings totaling approximately 30,110 SF, with an 8,154 SF multi-tenant retail building anchored by Dollar Tree and featuring an available suite for lease-up potential. A separate freestanding 1,956 SF restaurant building is leased to Umi Sushi and includes an existing drive-thru lane. The property also includes an additional 0.80-acre retail pad for future development or expansion.
The center is positioned on a hard, signalized highway intersection in White City, Oregon, at a signalized corner with three full-access driveways for customer convenience. Buyer to perform all due diligence.
The center is positioned on a hard, signalized highway intersection in White City, Oregon, at a signalized corner with three full-access driveways for customer convenience. Buyer to perform all due diligence.
Key Highlights
- Lakewood Shopping Center on 4.07 acres in White City, OR, with two buildings totaling 30,110 SF (1989).
- 128,154 SF multi‑tenant retail building anchored by Dollar Tree, with a mix of regional and national tenants plus one available suite.
- 1,956 SF freestanding restaurant building leased to Umi Sushi with an existing drive‑thru lane.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
142k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Dining 37%
Groceries 13%
Apparel 8%
McDonald's
Dining
27,839 visits/mo
0.5 miles
Grocery Outlet Bargain Market
Groceries
18,054 visits/mo
0.4 miles
Taco Bell
Dining
17,126 visits/mo
0.4 miles
Chevron
Shops & Services
13,551 visits/mo
0.2 miles
Goodwill
Apparel
11,699 visits/mo
0.3 miles
Demographics for 97503, OR
12,349
Population
4,708
Households
2.6
Avg Household Size
36
Median Age
12%
College-Educated
78%
High-School Grad
81.7 sq mi
ZIP Area
151
Density / Sq Mi
$65,040
Median Household Income
$35,834
Median Earnings
$1,082
Median Rent
$299,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Two-building retail center anchored by Dollar Tree and includes a leased restaurant with an existing drive-thru lane.
Where is this shopping center located?
The property is located at 7338 Crater Lake White City, OR.
What is the asking price?
The asking price for this property is $4,390,000.
What are key features of this property?
This property features: Lakewood Shopping Center on 4.07 acres in White City, OR, with two buildings totaling 30,110 SF (1989).; 128,154 SF multi‑tenant retail building anchored by Dollar Tree, with a mix of regional and national tenants plus one available suite.; 1,956 SF freestanding restaurant building leased to Umi Sushi with an existing drive‑thru lane.
