Salem, OR Strip Malls for Sale

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Keizer, OR Turner, OR Rickreall, OR

$605,000

7,200 SF

Multi-Tenant Retail Strip Center

1200 Hawthorne Ave NE, Salem, OR 97301

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

Leased 7,200 SF multi‑tenant retail strip center on 0.55 acres
Stable cash flow from multiple established tenants
Well‑positioned along a commercial corridor with strong visibility
Convenient access plus on‑site parking
Less than 1 mile to Interstate 5 and access to downtown Salem

Updated: Jun 8

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$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

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Based on your search, we've compiled 38 Potential Opportunities for your consideration. Besides 2 Active listings in Salem, OR, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 28 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.

$8,690,000

4.08 Acres

Lakewood Square Retail Center

Multi-tenant shopping center anchored by Goodwill with long-term lease.

6000-6010 Mt Tacoma Dr SW, Lakewood, WA

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Contact for pricing

Beaumont Neighborhood Retail Condominium

Newer investment retail condominium with stable tenants and strong rent.

4937-4941 NE Fremont Street, Portland, OR 97213

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$2,480,973

17,500 SF

Well-Maintained Strip Mall Investment

Fully leased strip mall with expansion and income potential.

13116 NE SANDY, Portland, OR 97230

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$1,097,000

Fully Occupied Retail Strip Investment

Three-unit retail strip on Pacific Highway with NNN leases.

12134 Pacific Hwy SW, Lakewood, WA 98499

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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.

$647,700

1.45 Acres

Spokane Valley Development Opportunity

1.45 acre commercial land in growing Dishman Mica corridor.

2714 S DISHMAN-MICA Rd, Spokane Valley, WA 99206

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$139,000

Paradise Skyway Commercial Land Opportunity

High-traffic location with flexible zoning for various commercial uses.

9272-9300 Skyway, Paradise, CA 95969

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$199,900

0.34 Acres

Vacant Lot Near Medical Center

Commercial land near Fresno Community Regional Medical Center and Hwy 41.

704 N Fresno Street, Fresno, CA 93701

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$750,000

2.23 Acres

Prime Commercial Land Opportunity

2.2 acres of commercial land in high-visibility location.

83 Jayne Ave, Coalinga, CA 93210

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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

53,062 SF Lot: 0.58 Acres

Value Estimation by Request

4450 Commercial SE St, Salem, OR 97302-3916

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SHOPPING CENTER, STRIP CENTER

53,062 SF Lot: 2.84 Acres

4450 Commercial SE St, Salem, OR 97302-3916

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SHOPPING CENTER, STRIP CENTER

116,336 SF Lot: 10.72 Acres

2460 Msn SE St, Salem, OR 97302-1119

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SHOPPING CENTER, STRIP CENTER

62,405 SF Lot: 5.52 Acres

Estimated value

$20,600,000

3802 Ctr NE St, Salem, OR 97301-2905

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SHOPPING CENTER, STRIP CENTER

5,070 SF Lot: 0.89 Acres

Value Estimation by Request

2737 Lancaster NE Dr, Salem, OR 97305-4134

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SHOPPING CENTER, STRIP CENTER

6,019 SF Lot: 7.99 Acres

2265 Lancaster NE Dr, Salem, OR 97305-1224

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SHOPPING CENTER, STRIP CENTER

5,400 SF Lot: 0.42 Acres

Value Estimation by Request

2195 Lancaster NE Dr, Salem, OR 97305-1228

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SHOPPING CENTER, STRIP CENTER

47,154 SF Lot: 2.15 Acres

Value Estimation by Request

2225 Lancaster NE Dr, Salem, OR 97305-1224

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Salem, OR Strip Malls Market Trends and Statistics

Explore 30 strip malls for sale in Salem, OR on our real estate platform. These investment opportunities span a total of 11,400 square feet of properties for sale, with an estimated market value of $7,105,000.

Sale prices for retail strips in Salem, OR start at $605,000, averaging $3,552,500, 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%

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)

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 Strip Malls for Sale

1200 Hawthorne Ave NE, Salem, OR 97301

1420 Lancaster Dr NE, Salem, OR

Opportunities in Nearby Cities

6000-6010 Mt Tacoma Dr SW, Lakewood, WA

4937-4941 NE Fremont Street, Portland, OR 97213

13116 NE SANDY, Portland, OR 97230

12134 Pacific Hwy SW, Lakewood, WA 98499

Potential Development Sites for Consideration

2714 S DISHMAN-MICA Rd, Spokane Valley, WA 99206

9272-9300 Skyway, Paradise, CA 95969

704 N Fresno Street, Fresno, CA 93701

83 Jayne Ave, Coalinga, CA 93210

Off-Market Properties in Salem, OR

4450 Commercial SE St, Salem, OR 97302-3916

4450 Commercial SE St, Salem, OR 97302-3916

2460 Msn SE St, Salem, OR 97302-1119

3802 Ctr NE St, Salem, OR 97301-2905

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

5400 Riv N Rd, Salem, OR 97303

4451 Liberty S Rd, Salem, OR 97302

4555 Liberty S Rd, Salem, OR 97302-5093

4703 Liberty S Rd, Salem, OR 97302

2265 Lancaster NE Dr, Salem, OR 97305-1224

2195 Lancaster NE Dr, Salem, OR 97305-1228

2225 Lancaster NE Dr, Salem, OR 97305-1224

Salem, OR Strip Malls Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Property Size Breakdown

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