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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

480-498 Lancaster Dr Salem, OR 97301

Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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