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    Salem, OR
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    Salem, OR Shopping Centers for Sale

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    Keizer, OR Rickreall, OR Jefferson, OR
    Downtown Salem Investment Opportunity
    $5,950,000
    61,521 SF

    Downtown Salem Investment Opportunity

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

    Fully occupied Salem property with high rental upside potential.

    • 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.
    Updated: Jan 26
    View details
    Retail Strip Center For Sale
    $6,500,000
    4,200 SF

    Retail Strip Center For Sale

    1420 Lancaster Dr NE, Salem, OR

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

    • Prime location across from Fred Meyer and near the Market Street Interchange on Interstate 5.
    • Retail strip center with seven existing tenants providing immediate income.
    • Opportunity to increase revenue by leasing the 4,200SF vacancy.
    • Completely remodeled exterior in 2019 including new landscaping, façade, and pylon signage.
    • First time on the market in 20 years.
    Updated: Aug 14, 2025
    View details
    Historic Mixed-Use Building in Salem
    $4,575,000
    38,450 SF

    Historic Mixed-Use Building in Salem

    38,450 SF historic building with office, retail, and event spaces.

    181-195 High St NE, Salem, OR
    View details
    Based on your search, we've compiled 55 Potential Opportunities for your consideration. Besides 3 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, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Downtown Forest Grove Leased Retail
    $2,500,000
    10,268 SF

    Downtown Forest Grove Leased Retail

    Fully leased retail property in downtown Forest Grove near Pacific University.

    1923-2104 Main Street, Forest Grove, OR 97116
    View details
    Vintage Square Center For Sale
    $2,600,000
    3,000 SF

    Vintage Square Center For Sale

    Retail investment opportunity with staggered lease expirations in Newberg.

    2316 E Portland Rd, Newberg, OR 97132
    View details
    Office-Retail Investment Property on 99W
    $1,995,000
    6,268 SF

    Office-Retail Investment Property on 99W

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

    2911 Portland Rd, Newberg, OR
    View details
    Fitness-Anchored Retail Center for Sale
    $7,750,000
    35,774 SF

    Fitness-Anchored Retail Center for Sale

    Fully leased retail center with mark-to-market upside.

    2333 Pacific Ave, Forest Grove, OR 97116
    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Roseburg Land Near Interstate
    $550,000
    2.94 Acres

    Roseburg Land Near Interstate

    2.94 acres of commercial land near I-5.

    261 GRANT SMITH Rd, Roseburg, OR 97471
    View details
    Prime Commercial Land Opportunity
    $649,900
    10.40 Acres

    Prime Commercial Land Opportunity

    10.4 acres of level commercial land with development potential.

    18215 SW Sargent Road, Rochester, WA 98579
    View details
    Yakima Retail Land For Sale
    Contact for pricing
    6.00 Acres

    Yakima Retail Land For Sale

    6 acre commercial land available in Yakima, Washington.

    128 N Fair Ave Suite 101, Yakima, WA 98901
    View details
    Yakima Land For Sale
    Contact for pricing
    6.00 Acres

    Yakima Land For Sale

    6 acre commercial land in Yakima, Washington.

    128 N Fair Ave Suite 6-113, Yakima, WA 98901
    View details

    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.

    4450 Commercial SE St

    4450 Commercial SE St

    SHOPPING CENTER, STRIP CENTER • 53,062 SF
    Value Estimation by Request
    4450 Commercial SE St, Salem, OR 97302-3916
    View details
    4450 Commercial SE St

    4450 Commercial SE St

    SHOPPING CENTER, STRIP CENTER • 53,062 SF
    Value Estimation by Request
    4450 Commercial SE St, Salem, OR 97302-3916
    View details
    285 Liberty NE St

    285 Liberty NE St

    MINI-MALL • 80,724 SF
    Value Estimation by Request
    285 Liberty NE St, Salem, OR 97301-3865
    View details
    2460 Msn SE St

    2460 Msn SE St

    SHOPPING CENTER, STRIP CENTER • 116,336 SF
    Value Estimation
    $565,000
    2460 Msn SE St, Salem, OR 97302-1119
    View details
    3802 Ctr NE St

    3802 Ctr NE St

    SHOPPING CENTER, STRIP CENTER • 62,405 SF
    Value Estimation
    $20,600,000
    3802 Ctr NE St, Salem, OR 97301-2905
    View details
    401 Ctr NE St

    401 Ctr NE St

    MINI-MALL • 131,632 SF
    Value Estimation by Request
    401 Ctr NE St, Salem, OR 97301-3661
    View details
    2737 Lancaster NE Dr

    2737 Lancaster NE Dr

    SHOPPING CENTER, STRIP CENTER • 5,070 SF
    Value Estimation by Request
    2737 Lancaster NE Dr, Salem, OR 97305-4134
    View details
    2927 Broadway NE St

    2927 Broadway NE St

    SHOPPING CENTER, STRIP CENTER • 28,645 SF
    Value Estimation by Request
    2927 Broadway NE St, Salem, OR 97303-6562
    View details
    2157 Lancaster NE Dr

    2157 Lancaster NE Dr

    SHOPPING CENTER, STRIP CENTER • 2,886 SF
    Value Estimation by Request
    2157 Lancaster NE Dr, Salem, OR 97305-1228
    View details
    Salem, OR 97302

    Salem, OR 97302

    SHOPPING CENTER, STRIP CENTER • 1.14 Acres
    Value Estimation by Request
    Salem, OR 97302
    View details
    4516 Sunnyside SE Rd

    4516 Sunnyside SE Rd

    SHOPPING CENTER, STRIP CENTER • 6,500 SF
    Value Estimation by Request
    4516 Sunnyside SE Rd, Salem, OR 97302-3929
    View details
    5250 Commercial SE St

    5250 Commercial SE St

    SHOPPING CENTER, STRIP CENTER • 120,648 SF
    Value Estimation by Request
    5250 Commercial SE St, Salem, OR 97306-1018
    View details
    3284 Lancaster NE Dr

    3284 Lancaster NE Dr

    SHOPPING CENTER, STRIP CENTER • 48,200 SF
    Value Estimation by Request
    3284 Lancaster NE Dr, Salem, OR 97305-1133
    View details
    4403 Commercial SE St

    4403 Commercial SE St

    SHOPPING CENTER, STRIP CENTER • 7,058 SF
    Value Estimation by Request
    4403 Commercial SE St, Salem, OR 97302-3915
    View details
    3094 Lancaster NE Dr

    3094 Lancaster NE Dr

    SHOPPING CENTER, STRIP CENTER • 4,025 SF
    Value Estimation by Request
    3094 Lancaster NE Dr, Salem, OR 97305-1396
    View details
    3052 Lancaster NE Dr

    3052 Lancaster NE Dr

    SHOPPING CENTER, STRIP CENTER • 28,950 SF
    Value Estimation by Request
    3052 Lancaster NE Dr, Salem, OR 97305-1396
    View details
    1501 Hawthorne NE Ave

    1501 Hawthorne NE Ave

    SHOPPING CENTER, STRIP CENTER • 81,917 SF
    Value Estimation by Request
    1501 Hawthorne NE Ave, Salem, OR 97301-1700
    View details
    3545-3599 Portland Rd

    3545-3599 Portland Rd

    Lifestyle centers • 39,935 SF
    Value Estimation by Request
    3545-3599 Portland Rd, Salem, OR 97301
    View details
    1572 Lancaster Dr

    1572 Lancaster Dr

    Lifestyle centers • 24,840 SF
    Value Estimation by Request
    1572 Lancaster Dr, Salem, OR 97301
    View details
    5765 Commercial St

    5765 Commercial St

    Neighborhood centers • 9,290 SF
    Value Estimation by Request
    5765 Commercial St, Salem, OR 97306
    View details
    1551 Hawthorne Ave

    1551 Hawthorne Ave

    Lifestyle centers • 81,917 SF
    Value Estimation by Request
    1551 Hawthorne Ave, Salem, OR 97301
    View details

    Salem, OR Shopping Centers Investment Opportunities Market Analysis

    Explore 47 shopping centers for sale in Salem, OR, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 104,171 square feet of properties for sale, with an estimated market value of $17,025,000.

    Sale prices for plazas in Salem, OR start at $4,575,000, averaging $5,675,000, and reaching up to $6,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
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    Top Commercial Asset Segments

    Shopping centers 24
    Storefront properties 10
    Showrooms 7
    Automotive properties 4
    Auto shops 2

    Property Size Breakdown

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

    Demographics Overview

    Population 279K
    Population Growth (5Y) +5.0%
    Median Household Income $76,436
    College Educated 19.3%

    High-Yield Neighborhoods for Strategic Investment

    Identify Salem submarkets with the highest inventory density on the market and evaluate the median 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 sq ft
    Tax Rate vs County Average 0.05 pp above county avg
    Average Loan-to-Value 65.0%

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