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    2025 Lancaster Dr Salem, OR 97305

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    For Lease
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    High-traffic retail space, ready for your business.

    Lot size:
    49,192 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This expansive 49,192 square-foot retail property, located at 2025 Lancaster Dr NE in Salem, Oregon, presents a remarkable opportunity for businesses seeking a prominent location in a bustling retail area. Previously occupied by Big Lots, the single-tenant building boasts an open floor plan, high ceilings, and a well-maintained exterior ensuring excellent visibility from Lancaster Drive. Built in 1986, the property is situated in Marion County, Oregon, and features ample parking to accommodate high customer traffic volume. A significant advantage is the spacious rear loading area, designed for efficient inventory management and streamlined deliveries. The property's size and location make it ideal for a variety of retail uses, offering significant potential for growth and success. The entire 49,192 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. This prime retail space offers a unique chance to establish a strong presence in a thriving Salem commercial corridor. The zip code is 97305.

    Property Features for 2025 Lancaster Dr

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    49,192 SF

    Building Details

    Year Built
    1986

    Unit(s) available at that property

    Space
    Available Space
    Size
    49,192 SF

    HighLights

    • 49,192 SF retail building at 2025 Lancaster Dr NE, Salem, OR 97305.
    • High‑traffic, signalized intersection location.
    • Situated in Salem's highest retail concentration.
    • Surrounded by national and regional retailers.
    Property Profile Location Intelligence

    Current Use by Public Records

    TNT Fireworks Fireworks Store Big Lots Discount Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -122.9854778
    Latitude
    44.9543332

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail space, ready for your business.
    Where is this retail property located?
    The property is located at 2025 Lancaster Dr Salem, OR.
    What are key features of this property?
    This property features: 49,192 SF retail building at 2025 Lancaster Dr NE, Salem, OR 97305.; High-traffic, signalized intersection location.; Situated in Salem's highest retail concentration.
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    2025 Lancaster Dr 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
    2025 Lancaster Dr Salem, OR 97305
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