Salem, OR Shopping Centers for Sale

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Keizer, OR Turner, OR Brooks, OR Aumsville, OR Jefferson, OR Gervais, OR Independence, OR Silverton, OR

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Updated: Aug 14

Full-Block Mixed-Use Property

400 High St NE, Salem, OR 97301

$8,899,999

170,000 sqft 2.65 AC lot

Approximately 170,000 square feet across three primary retail levels
2.65‑acre full‑block site at 400 High Street NE in downtown Salem
Five‑story secured parking structure with more than 600 stalls
Signalized intersections on all four corners; combined traffic exceeds 35,000 vehicles per day
Private skybridge connection to adjacent Salem Center Mall

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Updated: Jan 26

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

Prime downtown Salem location in the Central Business District (CBD).
High occupancy rate (99%) with potential for rent increases.
Significant total building area: 61,521 SF across 4 buildings and 22 units.
Strategic location near dining, retail, office, and entertainment options.
Close proximity to popular attractions like the Oregon State Capitol and Willamette University.

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Retail Strip Center For Sale

1420 Lancaster Dr NE, Salem, OR

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4,200 sqft 1.65 AC lot

Two-building retail strip center with vacancy, remodeled in 2019.

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Multi-Building Retail Shopping Center

407 Lancaster Dr NE, Salem, OR 97301

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42,033 sqft 4.48 AC lot

42,033 SF shopping center with 11 suites across six buildings and eight parcels, anchored by established national and regional tenants.

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Two-Building Retail Strip Center

1420 Lancaster Dr NE, Salem, OR 97301

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26,965 sqft

Two-building retail strip center with seven tenants and one available retail space, recently remodeled exterior and signage improvements.

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NNN Retail Center with Storefronts

1120-1130 Royvonne Ave SE, Salem, OR 97302

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5,697 sqft

NNN-structured retail center positioned within MU-III zoning, supporting a mix of retail, office, and related uses.

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Grocery-Anchored Neighborhood Shopping Center

4405 - 4555 Liberty Road S., Salem, OR 97302

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93,459 sqft

Established multi-tenant shopping center anchored by Roth’s Fresh Markets, built in 1982 and fronting Liberty Road.

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Retail Space With Large Parking

4500 Commercial St SE, Salem, OR 97302

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Retail space in South Salem with ample parking and strong retail neighbors like ULTA Beauty, Trader Joe’s, and Petco.

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Single-Tenant Retail Asset

525 9th St NW, Salem, OR 97304

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Single-tenant Mud Bay offering within The Pointe at Glen Creek Class A retail center.

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Based on your search, we've compiled 57 Potential Opportunities for your consideration. Besides 9 Active listings in Salem, OR, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 44 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Vintage Square Center For Sale

2316 E Portland Rd, Newberg, OR 97132

$2,600,000

3,000 sqft

Retail investment opportunity with staggered lease expirations in Newberg.

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NNN Retail Shopping Center

1880 14th Ave SE, Albany, OR 97322

Contact for pricing

39,213 sqft

50% leased shopping center with a 10-year NNN lease and abundant parking.

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Office-Retail Investment Property on 99W

2911 Portland Rd, Newberg, OR

Contact for pricing

6,268 sqft 0.69 AC lot

Well-maintained investment property with long-term tenants in a prominent location.

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Heritage Plaza Corner Opportunity

1880 14th Ave SE, Albany, OR 97322

Contact for pricing

39,746 sqft 22.00 AC lot

Commercial property in Heritage Plaza, Albany, OR, 50% leased.

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Off-Market Properties in Salem, OR

Consider similar Off-Market properties in Salem, OR. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

SHOPPING CENTER, STRIP CENTER

4450 Commercial SE St, Salem, OR 97302-3916

$545,000

Estimated value

53,062 sqft 0.58 AC lot

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SHOPPING CENTER, STRIP CENTER

4450 Commercial SE St, Salem, OR 97302-3916

Value Estimation by Request

53,062 sqft 2.84 AC lot

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MINI-MALL

285 Liberty NE St, Salem, OR 97301-3865

Value Estimation by Request

80,724 sqft 0.47 AC lot

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SHOPPING CENTER, STRIP CENTER

2460 Msn SE St, Salem, OR 97302-1119

$565,000

Estimated value

116,336 sqft 10.72 AC lot

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SHOPPING CENTER, STRIP CENTER

3802 Ctr NE St, Salem, OR 97301-2905

$20,600,000

Estimated value

62,405 sqft 5.52 AC lot

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MINI-MALL

401 Ctr NE St, Salem, OR 97301-3661

$4,450,000

Estimated value

131,632 sqft 0.34 AC lot

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SHOPPING CENTER, STRIP CENTER

2737 Lancaster NE Dr, Salem, OR 97305-4134

Value Estimation by Request

5,070 sqft 0.89 AC lot

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SHOPPING CENTER, STRIP CENTER

2927 Broadway NE St, Salem, OR 97303-6562

Value Estimation by Request

28,645 sqft 2.21 AC lot

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SHOPPING CENTER, STRIP CENTER

2157 Lancaster NE Dr, Salem, OR 97305-1228

$465,000

Estimated value

2,886 sqft 0.22 AC lot

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SHOPPING CENTER, STRIP CENTER

Salem, OR 97302

$345,000

Estimated value

1.14 AC lot

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SHOPPING CENTER, STRIP CENTER

4516 Sunnyside SE Rd, Salem, OR 97302-3929

Value Estimation by Request

6,500 sqft 0.28 AC lot

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SHOPPING CENTER, STRIP CENTER

5250 Commercial SE St, Salem, OR 97306-1018

Value Estimation by Request

120,648 sqft 16.05 AC lot

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SHOPPING CENTER, STRIP CENTER

3284 Lancaster NE Dr, Salem, OR 97305-1133

Value Estimation by Request

48,200 sqft 4.33 AC lot

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SHOPPING CENTER, STRIP CENTER

4403 Commercial SE St, Salem, OR 97302-3915

Value Estimation by Request

7,058 sqft 1.78 AC lot

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SHOPPING CENTER, STRIP CENTER

3094 Lancaster NE Dr, Salem, OR 97305-1396

Value Estimation by Request

4,025 sqft 0.22 AC lot

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Salem, OR Shopping Centers Market Trends and Statistics

Explore 53 shopping centers for sale in Salem, OR, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 403,875 square feet of properties for sale, with an estimated market value of $14,849,999.

Sale prices for plazas in Salem, OR start at $5,950,000, averaging $7,424,999, and reaching up to $8,899,999 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 279K

Population Growth (5Y) +5.0%

Median Household Income $76,436

College Educated 19.3%

High-Yield Neighborhoods for Investment

Identify Salem submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
97301	$6M

Taxes & Financing

Tax Rate (average for all types) 1.85%

Property Tax per SF $20.84 per SF

Tax Rate vs County Average 0.05 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Marion County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Marion County

Residential Income

Property Size Breakdown

The majority of commercial real estate listings in Salem fall within the 100,000+ square foot range.

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Salem, OR Shopping Centers for Sale

400 High St NE, Salem, OR 97301

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

1420 Lancaster Dr NE, Salem, OR

407 Lancaster Dr NE, Salem, OR 97301

1420 Lancaster Dr NE, Salem, OR 97301

1120-1130 Royvonne Ave SE, Salem, OR 97302

4405 - 4555 Liberty Road S., Salem, OR 97302

4500 Commercial St SE, Salem, OR 97302

525 9th St NW, Salem, OR 97304

Opportunities in Nearby Cities

2316 E Portland Rd, Newberg, OR 97132

1880 14th Ave SE, Albany, OR 97322

2911 Portland Rd, Newberg, OR

1880 14th Ave SE, Albany, OR 97322

Off-Market Properties in Salem, OR

4450 Commercial SE St, Salem, OR 97302-3916

4450 Commercial SE St, Salem, OR 97302-3916

285 Liberty NE St, Salem, OR 97301-3865

2460 Msn SE St, Salem, OR 97302-1119

3802 Ctr NE St, Salem, OR 97301-2905

401 Ctr NE St, Salem, OR 97301-3661

2737 Lancaster NE Dr, Salem, OR 97305-4134

2927 Broadway NE St, Salem, OR 97303-6562

2157 Lancaster NE Dr, Salem, OR 97305-1228

Salem, OR 97302

4516 Sunnyside SE Rd, Salem, OR 97302-3929

5250 Commercial SE St, Salem, OR 97306-1018

3284 Lancaster NE Dr, Salem, OR 97305-1133

4403 Commercial SE St, Salem, OR 97302-3915

3094 Lancaster NE Dr, Salem, OR 97305-1396

Salem, OR Shopping Centers Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Average Property Price per SF

Residential Income

Property Size Breakdown

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