Salem, OR Shopping Centers for Lease

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Keizer, OR Turner, OR Gervais, OR Aumsville, OR Independence, OR Silverton, OR Monmouth, OR Stayton, OR

20 properties

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Updated: Aug 26

Large-Format Retail Space

1895 Lancaster Dr Ne, Salem, OR 97305

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13,296 sqft

13,296‑square‑foot retail space
Located within Lancaster Center
Suitable for gym or other retail use
Center tenants include Bottle Drop, Verizon, and RAC
Address: 1895 Lancaster Dr NE, Salem, OR

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Updated: Jul 31

Anchored Retail Center

4635-4645 Commercial St SE, Salem, OR 97302

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3,014 sqft

3,014‑square‑foot strip retail center
Anchored by Big 5 Sporting Goods
Tenant mix includes retail, restaurant, service and personal‑care operators
Address: 4635‑4645 Commercial St SE, Salem, OR 97302

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Downtown Shopping Center Suites

401 Center St NE, Salem, OR 97301

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1,984 sqft

Multi-suite retail center offering move-in-ready and shell-condition spaces across two buildings with public parking access.

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Storefront Retail Space

3910-3928 Center St NE, Salem, OR 97301

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1,350 sqft

Retail setting with pylon signage, multiple access points, and an established tenant mix.

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Retail Space in Salem Hub

1120-1264 Lancaster Dr SE, Salem, OR 97317

$10 SF/Yr

119,137 sqft

Retail space available in a growing Salem retail hub.

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Retail Suite in High-Traffic Center

1130-1144 Wallace Rd NW, Salem, OR 97304

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105,457 sqft 8.00 AC lot

Turnkey retail suite in established shopping center, available November 2025.

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Retail Leasing in Mixed Use Hub

401 Center St NE, Salem, OR 97301

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570 sqft

Shopping and entertainment retail leasing with advertising included, plus kiosk and pop-up options and onsite parking.

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Retail Shops Endcap and Inline

3815 Devonshire Ave NE, Salem, OR 97305

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1,105 sqft

Leasing opportunity featuring one endcap and one inline retail suite with flexible terms in a CR-zoned property.

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Neighborhood Retail Outparcel Opportunity

4450 Commercial St SE, Salem, OR 97302

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1,300 sqft

Retail outparcel within a neighborhood shopping center anchored by Trader Joe’s, Ulta, and Petco at a signalized corner.

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Endcap Retail Space

3815 Devonshire Ave NE, Salem, OR 97305

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Two suites offer flexible retail configurations with parking and convenient access to Lancaster Drive and Silverton Road.

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Retail Space on Lancaster Drive

2319 Lancaster Dr NE, Salem, OR

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2,538 sqft 17.89 AC lot

Retail space in a high-traffic shopping center location.

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Retail Center with Ample Parking

4635 Commercial St, Salem, OR 97302

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South Salem retail center anchored by Big 5 Sporting Goods with multiple tenants and parking for customers and employees.

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Retail Space in Salem Center

3165 Commercial St SE, Salem, OR

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2,905 sqft 0.96 AC lot

Retail space available in shopping center anchored by Starbucks.

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Retail Space in Southgate Center

3975-3995 Commercial St SE, Salem, OR

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1,750 sqft 4.10 AC lot

Retail space available in Southgate Shopping Center, Salem, Oregon.

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Retail Space on Lancaster Drive

2265 Lancaster Dr NE, Salem, OR

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4,500 sqft 17.89 AC lot

Retail space available in high-traffic Salem location.

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Retail Space in Oak Park Plaza

3278-3380 Lancaster Dr NE, Salem, OR

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1,553 sqft 11.72 AC lot

Retail space available in high-volume, Safeway-anchored shopping center.

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Shopping Center with Drive-Thru Pads

2541 Boone Rd SE, Salem, OR 97306

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5,000 sqft

Drive-thru retail pads and shop space are available in a new South Salem development with direct I-5 access.

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Drive-Thru Retail Pads and Shop Space

2541 Boone Rd SE, Salem, OR 97306

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6,830 sqft

New development offers drive-thru retail pads and shop space anchored by Costco with direct access to I-5.

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Shadow-Anchored Shopping Center

2025-2423 Lancaster Dr NE, Salem, OR 97305

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6,080 sqft

Retail space near medical, grocery, discount, and general merchandise operators.

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Retail Space in Salem Center

515 Taggart Dr, Salem, OR 97304

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Walgreen-anchored shopping center with high visibility and multiple access points.

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Based on your search, we've compiled 32 Potential Opportunities for your consideration. Besides 20 Active listings in Salem, OR, we suggest exploring alternatives. Similar 12 Properties for Sales.

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Retail Shopping Center With Vacant Unit

1130 Royvonne AVE, Salem, OR 97302

$1,725,000

6,822 sqft

MU-III zoning supports retail, office, and commercial service uses.

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Full-Block Mixed-Use Property

400 High St NE, Salem, OR 97301

$8,899,999

170,000 sqft 2.65 AC lot

Vacant former department store with flexible CB zoning, structured parking, loading infrastructure, and a private mall connection.

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Downtown Salem Investment Opportunity

300-390 Liberty St SE, 410 & 420 Mill St SE, & 305-395 High St SE, Salem, OR 97301

$5,950,000

61,521 sqft

Fully occupied Salem property with high rental upside potential.

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Lancaster Shopping Center Retail Space

1895 Lancaster Dr NE, Salem, OR 97305

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13,296 sqft

Medium-box retail space within a tenant mix anchored by Bottle Drop, Verizon, and RAC.

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Salem, OR Shopping centers Lease Rates & Market Statistics

Explore 20 Shopping centers for lease in Salem, OR on Realmo, a commercial real estate exchange covering the Salem area. The current inventory totals 278,369 square feet of properties — an average of ~13,900 SF per listing.

Asking lease rates for Shopping centers in Salem start at $10 SF/Yr, average $10 SF/Yr, and reach $10 SF/Yr at the top of the market. Pricing across the market is relatively uniform, which simplifies like-for-like comparison between listings. The local average of $10 SF/Yr is 51% below the Oregon state average of $20.57 SF/Yr.

Salem accounts for 77% of the 26 shopping centers currently available across Marion County, where nearby markets include Keizer and Stayton. Shopping centers make up 24% of the 83 Retail properties & Spaces currently for lease in Salem, with asking rates averaging $10 SF/Yr — 69% below the citywide Retail properties & Spaces average of $32.31 SF/Yr. Tenants comparing options may also consider Storefront properties (18 listings) and Showrooms (4 listings) elsewhere in the Salem market.

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