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Retail Space Near Willamette Center
For Lease
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922 Lancaster Dr NE, Salem, OR 97301

Retail space available in highly visible Salem strip center.

Space Size2,933 SF
Property Size44,960 SF
Days on Market2762

Property Features for 922 Lancaster Dr NE

General Information

Standard status Active
Size 2,933 SF
Class B
Property subtype Retail
Lease Type NNN

Building Details

Building Size 44,960 SF
Year Built 1979
Tenancy Multiple

Spaces For Lease

at 922 Lancaster Dr NE Contact us

1042

Size
2,933 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: First Commercial Real Estate Services
Listed By: Ruth Dana · License #OR 900300123
Source: Crexi
Added: Jan 28, 2019 Changed: Aug 8 Last Checked: Aug 20 at 5:41PM

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 First Commercial Real Estate Services

Investment Insights

Based on property information with market context.

A retail space is available in a highly visible strip center. The property is located across the street from Willamette Town Center. It features parking and signage, with signalized access from Lancaster Drive. Incentives are available for qualified tenants and initial lease terms. There is one space remaining.

Key Highlights

  • Highly visible retail location.
  • Across the street from Willamette Town Center.
  • Great parking.

Property Analytics

Current Use

Taco Time Restaurant

Suggested Use

Top Pick Law Firm Parking Lot & Garage Big Box & Wholesale Store HVAC Service Auto Parts Store Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

908
Businesses Nearby

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

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Strip mall - Retail space available in highly visible Salem strip center.
Where is this strip mall located?
The property is located at 922 Lancaster Dr NE Salem, OR.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: Highly visible retail location.; Across the street from Willamette Town Center.; Great parking.
(503) 364-7400 Call to check price and availability
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