480-498 Lancaster Dr Salem, OR 97301
- Retail properties
Current Use by Public Records
- Retail properties
Property Details for 480-498 Lancaster Dr
- Property type
- Retail properties
- Property subtype
- Land
Description
This prime Salem, Oregon retail center presents a unique investment opportunity. Located at the signalized intersection of Lancaster and Auburn Rd NE, this property boasts a highly visible location just one block south of the Target Shopping Center and Willamette Town Center Mall. The center features five suites ranging from 1,550 to 4,920 square feet, with three currently available for lease. Benefit from the established presence of national tenants, including The Vitamin Shop, which anchors the center. The property offers ample parking and multiple ingress/egress points for convenient access. High visibility is ensured by digital and pylon signage at this corner location. The property is classified as retail and land, offering flexibility for various commercial uses. Situated in Marion County, Oregon, with a Salem zip code of 97301, this location provides excellent access to a thriving consumer base. The property's strategic placement and established tenant mix make it an attractive investment for discerning buyers seeking a high-return opportunity in a desirable retail corridor. The address is 480-498 Lancaster Dr NE, Salem, OR.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Marion
- State
- Oregon
- Longitude
- -122.982
- Latitude
- 44.9359
