Salem, OR Shopping Centers for Sale

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Keizer, OR Turner, OR Rickreall, OR Aumsville, OR Jefferson, OR Independence, OR Brooks, OR Dallas, OR

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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Updated: Aug 14, 2025

Retail Strip Center For Sale

1420 Lancaster Dr NE, Salem, OR

$6,500,000

4,200 sqft 1.65 AC lot

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.

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NNN Retail Center with Storefronts

1120-1130 Royvonne Ave SE, Salem, OR 97302

$1,875,000

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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Retail Space With Large Parking

4500 Commercial St SE, Salem, OR 97302

Contact for pricing

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

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Based on your search, we've compiled 56 Potential Opportunities for your consideration. Besides 4 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

1923-2104 Main Street, Forest Grove, OR 97116

$2,500,000

10,268 sqft

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

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Office-Retail Investment Property on 99W

2911 Portland Rd, Newberg, OR

$1,995,000

6,268 sqft 0.69 AC lot

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

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Leased Office/Retail Complex For Sale

2913 Portland Rd, Newberg, OR

$1,995,000

6,268 sqft 0.69 AC lot

Fully leased office and retail complex in Newberg, Oregon.

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Fitness-Anchored Retail Center for Sale

2333 Pacific Ave, Forest Grove, OR 97116

$7,750,000

35,774 sqft

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

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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.

C3 Zoned Commercial Land

261 GRANT SMITH Rd, Roseburg, OR 97471

$750,000

2.94 AC lot

C3 commercial site with utilities on-site and a compacted, graded acre ready for development planning.

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Prime Commercial Land Opportunity

18215 SW Sargent Road, Rochester, WA 98579

$649,900

10.40 AC lot

10.4 acres of level commercial land with development potential.

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Commercial Land in McKinleyville, CA

Central Avenue, Mckinleyville, CA 95519

$395,000

5.75 AC lot

5.75 acres of commercial land in high-traffic McKinleyville location.

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McKinleyville Commercial Land For Sale

Central Avenue, Mckinleyville, CA 95519

$395,000

250,470 sqft 5.75 AC lot

5.75 acres of commercial land in high-traffic McKinleyville location.

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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

Value Estimation by Request

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

Value Estimation by Request

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

Value Estimation by Request

2,886 sqft 0.22 AC lot

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SHOPPING CENTER, STRIP CENTER

Salem, OR 97302

Value Estimation by Request

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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SHOPPING CENTER, STRIP CENTER

3052 Lancaster NE Dr, Salem, OR 97305-1396

Value Estimation by Request

28,950 sqft 2.45 AC lot

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SHOPPING CENTER, STRIP CENTER

1501 Hawthorne NE Ave, Salem, OR 97301-1700

Value Estimation by Request

81,917 sqft 5.70 AC lot

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Lifestyle centers

3545-3599 Portland Rd, Salem, OR 97301

Value Estimation by Request

39,935 sqft 3.25 AC lot

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Lifestyle centers

1572 Lancaster Dr, Salem, OR 97301

Value Estimation by Request

24,840 sqft 2.42 AC lot

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Neighborhood centers

5765 Commercial St, Salem, OR 97306

Value Estimation by Request

9,290 sqft

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Salem, OR Shopping Centers Market Trends and Statistics

Explore 48 shopping centers for sale in Salem, OR, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 71,418 square feet of properties for sale, with an estimated market value of $14,325,000.

Sale prices for plazas in Salem, OR start at $1,875,000, averaging $4,775,000, 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.

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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
97302	$1.9M
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

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

1420 Lancaster Dr NE, Salem, OR

1120-1130 Royvonne Ave SE, Salem, OR 97302

4500 Commercial St SE, Salem, OR 97302

Opportunities in Nearby Cities

1923-2104 Main Street, Forest Grove, OR 97116

2911 Portland Rd, Newberg, OR

2913 Portland Rd, Newberg, OR

2333 Pacific Ave, Forest Grove, OR 97116

Potential Development Sites for Consideration

261 GRANT SMITH Rd, Roseburg, OR 97471

18215 SW Sargent Road, Rochester, WA 98579

Central Avenue, Mckinleyville, CA 95519

Central Avenue, Mckinleyville, CA 95519

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

3052 Lancaster NE Dr, Salem, OR 97305-1396

1501 Hawthorne NE Ave, Salem, OR 97301-1700

3545-3599 Portland Rd, Salem, OR 97301

1572 Lancaster Dr, Salem, OR 97301

5765 Commercial St, Salem, OR 97306

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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