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    2295 Lancaster Dr Salem, OR 97305

    For Lease
    Contact for pricing

    Prime Salem Retail Space Available

    Lot size:
    40,545 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional retail opportunity presents itself at the Village East Shopping Center, located at 2295 Lancaster Dr NE in Salem, Oregon, 97305. The center offers a total of 40,545 square feet of commercial space, currently featuring four suites. A significant portion of the center, totaling 26,888 square feet, is currently vacant and available for lease. This presents a unique chance for businesses seeking flexible space options. Individual spaces range from a minimum of 1,868 square feet to a maximum contiguous space of 14,440 square feet, catering to a variety of business needs and scales. The property is situated in Marion County, Oregon, offering excellent access and visibility within the Salem community. The address is easily accessible and provides ample parking for customers and employees. This is an ideal location for businesses looking to establish or expand their presence in a thriving retail environment. The multiple suite configuration allows for flexibility in leasing arrangements, accommodating both single-tenant and multi-tenant occupancy. Interested parties are encouraged to inquire about available space and lease terms. The property is classified as retail commercial space.

    Property Features for 2295 Lancaster Dr

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    40,545 SF

    Unit(s) available at that property

    Space
    Suite 2395
    Size
    6,080 SF
    Space
    Suite 2421
    Size
    14,440 SF
    Space
    Potential Future Pad
    Size
    4,500 SF
    Space
    Suite 2265
    Size
    1,868 SF

    HighLights

    • High‑traffic location on Lancaster Dr NE, near Willamette Town Center and Kaiser Permanente.
    • Shadow‑anchored center with Bi‑Mart and Big Lots, plus Big 5, Banfield, Ross, La Tapatia, Five Guys, and Party Mart.
    • Strong surrounding retail including Walmart, PetSmart, Fred Meyer, Grocery Outlet, Dollar Tree, Safeway, Les Schwab, and Planet Fitness.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -122.9853604
    Latitude
    44.956873

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    FAQs

    What type of property is this?
    Retail property - Prime Salem Retail Space Available
    Where is this retail property located?
    The property is located at 2295 Lancaster Dr Salem, OR.
    What are key features of this property?
    This property features: High-traffic location on Lancaster Dr NE, near Willamette Town Center and Kaiser Permanente.; Shadow-anchored center with Bi-Mart and Big Lots, plus Big 5, Banfield, Ross, La Tapatia, Five Guys, and Party Mart.; Strong surrounding retail including Walmart, PetSmart, Fred Meyer, Grocery Outlet, Dollar Tree, Safeway, Les Schwab, and Planet Fitness.
    Request Owner's contact information
    2295 Lancaster Dr Salem, OR 97305
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    Salem, OR 97305
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2295 Lancaster Dr Salem, OR 97305
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