Strip Mall

Salem, OR Strip Malls for Lease

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Keizer, OR Turner, OR Gervais, OR Aumsville, OR Dallas, OR Silverton, OR Monmouth, OR Stayton, OR
Anchored Retail Center
Updated: Jul 31
Anchored Retail Center

4635-4645 Commercial St SE, Salem, OR 97302

Contact for pricing
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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Retail Space in Salem Hub
Updated: Nov 21, 2025
Retail Space in Salem Hub

1120-1264 Lancaster Dr SE, Salem, OR 97317

$10 SF/Yr
119,137 sqft
Anchored by WinCo, ShopKo, and Dollar Tree
Located in a retail hub
Close to Home Depot
Growing economic base
Surrounded by extensive residential development
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Retail Space with Parking
Retail Space with Parking

2927 Broadway St NE, Salem, OR 97303

Triple net (NNN) Highland Neighborhood Association
Contact for pricing
1,891 sqft

Retail space offering on-site parking and access to major roadways in Salem.

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Retail Suite with On-Site Parking
Retail Suite with On-Site Parking

1200 Hawthorne Avenue NE, Salem, OR 97301

North East Salem Community Association (Nesca)
Contact for pricing
Multi-tenant  900 sqft

Second-floor retail suite offers fresh flooring and paint within a multi-tenant strip center with convenient parking.

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Strip Mall with Pylon Signage
Strip Mall with Pylon Signage

4555 Liberty Rd S, Salem, OR 97302

Sunnyslope Neighborhood Association
Contact for pricing
Built 1981

CR-zoned center offers retail and office suites with private parking at a signalized intersection.

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5 active listings match your search: Strip Mall for lease in Salem, OR. Based on your search, we've also compiled 7 Potential Opportunities for your consideration: 4 spaces in nearby cities and 3 properties for sale.

Strip malls for Lease in Nearby Cities

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

Strip Mall Retail Space
Strip Mall Retail Space

8524 Steilacoom Blvd SW, Lakewood, WA 98498

$27 SF/Yr
1,313 sqft
Highway access

Professional retail space with convenient Interstate 5 access and Puget Sound views.

Scenic views
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Multi-Suite Retail Space
Multi-Suite Retail Space

16209 SE McGillivray Blvd, Vancouver, WA 98683

Fairway/164th Ave.
$24 SF/Yr
Multi-tenant  840–3,034 sqft  Built 1987
35,400 VPD

Flexible suites accommodate retail, restaurant, medical, personal-care, and service tenants.

62 parking spaces (5.5/1,000)  Monument / Project sign
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Retail Space in Painted Strip Mall
Retail Space in Painted Strip Mall

10518 Pacific Hwy SW, Lakewood, WA 98499

Triple net (NNN)
Contact for pricing
Multi-tenant  1,364 sqft
Highway access

One retail suite totaling 1,364 sf is available now at Mazatlan S. Tacoma Way Center with parking and street exposure.

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Retail Space in Fred Meyer Center
Retail Space in Fred Meyer Center

16600 SE Mcgillivray Blvd, Vancouver, WA 98683

Fishers Landing East
Contact for pricing
Built 1994

Retail suite in Fred Meyer-anchored center with excellent visibility.

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Similar Spaces for Sale in Salem, OR

Consider Similar Space for Sale. We found 3 Spaces matching your search parameters.

Leased Multi-Tenant Strip Center
Leased Multi-Tenant Strip Center

1200 Hawthorne Ave NE, Salem, OR 97301

Contact for pricing
7,200 sqft 0.55 AC lot

Leased 7,200 SF retail strip center on 0.55 acres with multiple established tenants and on-site parking.

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Retail Strip Center For Sale
Retail Strip Center For Sale

1420 Lancaster Dr NE, Salem, OR

Contact for pricing
4,200 sqft 1.65 AC lot

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

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Two-Building Retail Strip Center
Two-Building Retail Strip Center

1420 Lancaster Dr NE, Salem, OR 97301

Contact for pricing
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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Salem, OR Strip malls Lease Rates & Market Statistics

Explore 5 Strip malls for lease in Salem, OR on Realmo, a commercial real estate exchange covering the Salem area. The current inventory totals 124,942 square feet of properties.

Asking lease rates for Strip malls 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 in line with the Oregon state average.

Salem accounts for 83% of the 6 strip malls currently available across Marion County, where a nearby market includes Keizer. Strip malls make up 6% of the 85 Retail properties & Spaces currently for lease in Salem, with asking rates averaging $10 SF/Yr — 65% below the citywide Retail properties & Spaces average of $28.93 SF/Yr. Tenants comparing options may also consider Shopping centers (25 listings) and Storefront properties (18 listings) elsewhere in the Salem market.

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