Salem, OR Strip malls for Rent & Lease

$10 SF/Yr

119,137 SF

Retail Space in Salem Hub

1120-1264 Lancaster Dr SE, Salem, OR 97317

Retail space available in a growing Salem retail hub.

Anchored by WinCo, ShopKo, and Dollar Tree
Located in a retail hub
Close to Home Depot
Growing economic base
Surrounded by extensive residential development

Updated: Nov 21, 2025

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2,800 SF

Retail Endcap with Hood and Cooler

560 Wallace Rd NW Suite 150 & 160, Salem, OR 97304

Endcap retail space includes an existing hood system and walk-in cooler, suited for food service buildouts.

West Salem commercial corridor retail space at the signalized intersection of Wallace Rd NW & Taggart Dr NW
Two available spaces totaling up to 2,800 +/- SF contiguous (can be leased individually or combined)
End cap space: 1,400 +/- SF, former Pizza Hut, with existing hood system and walk‑in cooler
Inline space: 1,400 +/- SF currently occupied by Subway (please contact listing broker for availability and timing)
Two points of ingress and egress plus extensive parking

Updated: Jun 5

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800 SF

Retail Space in Power Center

Retail and restaurant spaces available in a 670,000 SF center.

2555 Jorie Ln NE, Salem, OR

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Based on your search, we've compiled 12 Potential Opportunities for your consideration. Besides 3 Active listings in Salem, OR, we suggest exploring alternatives. Consider Similar 4 Spaces in Nearby Cities, and Similar 2 Properties for Sales.

Strip malls for Lease in Nearby Cities

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

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1,860 SF

Keizer Retail Shopping Center Space

Modern retail space in a high-traffic Keizer shopping center.

5458 River Rd N, Keizer, OR

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270 SF

King City Retail Space Available

Retail space for lease in King City Plaza.

15525 SW 116th Ave, Portland, OR

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7,700 SF

Retail Space on Highway 99

Retail space with high visibility and ample parking available.

14455 SW Pacific Hwy, Portland, OR

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3,787 SF

Keizer Retail Space For Lease

Retail and restaurant spaces available in Keizer, Oregon.

6055 Ulali Dr, Keizer, OR

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Similar Spaces for Sale in Salem, OR

Consider Similar Space for Sale. We found 2 Spaces matching your search parameters.

$605,000

7,200 SF

Multi-Tenant Retail Strip Center

Leased multi-tenant retail center with on-site parking and strong corridor visibility near downtown and I-5.

1200 Hawthorne Ave NE, Salem, OR 97301

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$6,500,000

4,200 SF

Retail Strip Center For Sale

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

1420 Lancaster Dr NE, Salem, OR

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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.

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Retail Strip Center Land

1.39 acres of commercial land for retail development.

2800 South Ellis Road, Sioux Falls, SD 57106

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Retail Strip Center Land Available

0.71 acres of commercial land for retail strip center.

2409 West Russell Street, Sioux Falls, SD 57104

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Development-Ready Site in Moore, SC

11.26-acre commercial site in a high-growth area.

5831 Reidville Road, Moore, SC 29369

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Salem, OR Strip malls Market Trends and Statistics

Explore Strip malls leasing options in Salem, OR with 3 listings featured on our commercial real estate exchange. The current inventory includes 119,137 square feet of properties with an estimated lease value of $10 SF/Yr.

Estimated lease rates for Strip malls in Salem, OR begin at $10 SF/Yr, with an average of $10 SF/Yr and extend to $10 SF/Yr.