2025 Lancaster DrSalem, OR 97305

Property Details for 2025 Lancaster Dr

Year built

1983

Lot size

3.84 AC

Property size (Sq ft)

51,823 SF

Zone code

CR

Property type

Other commercial real estate

APN

072W19BB00400

APU

072W19BB00400

Description

This expansive 49,192 square-foot retail property, located at 2025 Lancaster Dr NE in Salem, Oregon, presents a remarkable opportunity for businesses seeking a prominent location in a bustling retail area. Previously occupied by Big Lots, the single-tenant building boasts an open floor plan, high ceilings, and a well-maintained exterior ensuring excellent visibility from Lancaster Drive. Built in 1986, the property is situated in Marion County, Oregon, and features ample parking to accommodate high customer traffic volume. A significant advantage is the spacious rear loading area, designed for efficient inventory management and streamlined deliveries. The property's size and location make it ideal for a variety of retail uses, offering significant potential for growth and success. The entire 49,192 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. This prime retail space offers a unique chance to establish a strong presence in a thriving Salem commercial corridor. The zip code is 97305.

• Alternative Use

  Use

  Valuation

  Residential

  $10,897,363

  Hospitality

  $9,981,926

  Educational

  $8,304,845

  Medical

  $8,590,461

  Retail

  $12,918,648

Location Insight

City

Salem

County

Marion

State

Oregon

Latitude

44.9544

Longitude

-122.985

CBSA code

41420

CBSA name

SALEM, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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