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    3190 Lancaster Dr Salem, OR 97305

    Sponsored
    For Lease
    $13 SF/Yr

    61,362 sq ft Office/Retail Space in Salem

    Lot size:
    61,362 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, situated within the vibrant Pioneer Square Shopping Center on Lancaster Drive NE, offers a unique blend of office and retail potential. The 61,362 square foot building sits on a 6.08-acre lot, zoned CR, and enjoys a prime location just five minutes from Chemeketa Community College and three miles from I-5. The property features a well-designed layout including a spacious reception area, a comfortable waiting room, and a soundproof room ideal for private meetings. Fifteen individual offices provide ample space for a variety of uses, complemented by three bathrooms. The building's location within the established Pioneer Square Shopping Center offers excellent visibility and accessibility, with neighboring businesses including Chuck E. Cheese, Miranda Bros Bakery, Courthouse Athletic Club, Walmart, Mega Food Salem, and PetSmart. This versatile property presents a significant opportunity for businesses seeking a prominent location with substantial space and convenient amenities in a thriving commercial area of Marion County. The property's size and zoning offer flexibility for a wide range of commercial enterprises.

    Property Features for 3190 Lancaster Dr

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    61,362 SF
    Total Rate
    67498.2

    Unit(s) available at that property

    Space
    Size
    61,362 SF
    Rate per SF
    $13

    HighLights

    • 61,362 SF Office/Retail Building on 6.08 Acres
    • Single‑Tenant Occupancy
    • Located in Pioneer Square Shopping Center, Marion County, Oregon
    • Convenient access to I‑5 and Chemeketa Community College
    • Features include reception area, waiting room, soundproof room, 3 bathrooms, and 15 offices.
    Property Profile Location Intelligence

    Current Use by Public Records

    KSLM Radio AM ... Radio Broadcaster Kccs Radio Broadcaster Safe Air Network Air Filter Supplier Wyant Co Home Builder Herbal Publishing, LLC Publisher

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -122.981707
    Latitude
    44.966172

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    FAQs

    What type of property is this?
    Land - 61,362 sq ft Office/Retail Space in Salem
    Where is this land located?
    The property is located at 3190 Lancaster Dr Salem, OR.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: 61,362 SF Office/Retail Building on 6.08 Acres; Single-Tenant Occupancy; Located in Pioneer Square Shopping Center, Marion County, Oregon
    Request Owner's contact information
    3190 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
    3190 Lancaster Dr Salem, OR 97305
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