1302 Lancaster Dr Salem, OR 97301
- Turn key restaurants
- 9,155 SF
- 2.89 lot acres
Current Use by Public Records
- Olive Garden Italian Restaurant / Takeout Restaurant / Seafood Restaurant
Property Details for 1302 Lancaster Dr
- Year built
- 1992
- Lot size
- 2.89 lot acres
- Property size
- 9,155 SF
- Zone code
- CR
- Property type
- Turn key restaurants
- APN
- 072W19CA05200
- APU
- 072W19CA05200
Description
This exceptional 36,590 square foot commercial land parcel presents a compelling investment opportunity in Salem, Oregon. Located at 1302 Lancaster Dr NE, this highly visible pad sits adjacent to a thriving Olive Garden restaurant, ensuring significant exposure to a substantial customer base. The property's strategic location offers easy access to major thoroughfares, including Interstate 5 via Market Street, maximizing convenience for both businesses and customers. Its proximity to established retail anchors like Fred Meyer and Willamette Town Center further enhances its desirability and potential for strong returns. The asking price for this prime commercial land is $1,100,000. This represents a rare chance to acquire a well-situated property in a bustling area of Salem, ideal for a variety of commercial developments. The property is zoned for commercial use (verification of zoning with local authorities is recommended). The large lot size provides ample space for a substantial building or development, catering to a wide range of business needs. Don't miss this opportunity to secure a prominent location in a thriving commercial corridor. Broker co-op is available.
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
- -122.983
- Latitude
- 44.9465
- CBSA code
- 41420
- CBSA name
- SALEM, OR METROPOLITAN STATISTICAL AREA
