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    3740 Market St Salem, OR 97301

    Sponsored
    For Lease
    Contact for pricing

    Prime Salem retail space, multiple units.

    Lot size:
    181,558 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, located at 3740 Market Street NE in Salem, Oregon, offers a fantastic opportunity for businesses seeking high-visibility locations. The property boasts a total of 181,558 square feet of commercial space, with multiple tenancies available. Currently, there are 4,113 square feet of vacant space ready for immediate occupancy. Individual units range from a minimum of 1,583 square feet to a maximum contiguous space of 2,530 square feet, providing flexibility for various business needs. The property is zoned for Retail Commercial (CR), ensuring a wide range of permitted uses. Situated in Marion County, with a Salem, Oregon 97301 zip code, this location benefits from excellent accessibility and high foot traffic. The property's strategic location offers significant potential for growth and success. This is an ideal opportunity for businesses looking to establish or expand their presence in a thriving Salem market. Contact us today to learn more about leasing options and to schedule a viewing of this remarkable retail space. The property is available for lease.

    Property Features for 3740 Market St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    181,558 SF

    Unit(s) available at that property

    Space
    Unite 1
    Size
    2,530 SF
    Space
    Unit 11
    Size
    1,583 SF

    HighLights

    • Fred Meyer‑anchored retail center.
    • 181,558 square feet of gross leasable area (GLA).
    • High‑traffic location at Market Street NE and Lancaster Drive NE (63,021 vehicles per day).
    • Ample parking and convenient access.
    • Suitable for restaurants and other retail service businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fred Meyer Jewelers Jewelry Store Coinstar Kiosk - Bitcoin ... Atm Wells Fargo ATM Atm KeyMe Locksmiths Key Duplication Service Ria Money Transfer ... Money Transfer Service

    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
    -122.9866459
    Latitude
    44.9498568

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    FAQs

    What type of property is this?
    Retail property - Prime Salem retail space, multiple units.
    Where is this retail property located?
    The property is located at 3740 Market St Salem, OR.
    What are key features of this property?
    This property features: Fred Meyer-anchored retail center.; 181,558 square feet of gross leasable area (GLA).; High-traffic location at Market Street NE and Lancaster Drive NE (63,021 vehicles per day).
    Request Owner's contact information
    3740 Market St Salem, OR 97301
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    Salem, OR 97301
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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
    3740 Market St Salem, OR 97301
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