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    OFF-MARKET
    Commercial real estate

    642 Lancaster Dr, Salem, OR 97301

    21,690 SF
    Property ID
    US71-0247847
    Property summary
    AI-generated overview

    This exceptional 21,690-square-foot retail space, situated in a single-tenant strip center in Marion County, presents a unique leasing opportunity. Located at the southeast corner of Lancaster Drive and Center Street, this property boasts unparalleled visibility and accessibility. Its strategic location is diagonally across from the Willamette Town Center, ensuring high foot traffic and exposure to a substantial customer base. The entire 21,690 square feet is currently vacant, offering a blank canvas for a discerning tenant to create their ideal retail environment. The property features direct frontage on Lancaster Drive, providing excellent street presence and brand visibility. Signage opportunities are available on the pylon sign, further enhancing marketing potential. This is an exceptional opportunity for a business seeking a prominent location with high visibility in a thriving commercial area. The property's size and location make it ideal for a variety of retail uses, offering significant potential for growth and success. The property is available for lease and ready for immediate occupancy. Interested parties are encouraged to inquire for further details and to schedule a viewing. This is a rare opportunity to secure a prime retail space in a high-traffic location.

    Property profile
    Verified
    Property type Commercial real estate
    Total area 21,690 SF
    UPID US71-0247847
    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
    Current use
    Occupant on record · Public records
    • The Salvation Army Thrift Store & Donation Center Discount Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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