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    Salem, OR
    Strip Mall

    Salem, OR Strip Malls for Sale

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    Keizer, OR Turner, OR Brooks, OR Aumsville, OR Jefferson, OR Independence, OR Klamath Falls, OR Silverton, OR
    Leased Multi-Tenant Strip Center
    Updated: Jul 14
    Leased Multi-Tenant Strip Center

    1200 Hawthorne Ave NE, Salem, OR 97301

    Contact for pricing
    7,200 sqft 0.55 AC lot
    Leased multi‑tenant retail strip center totaling 7,200 SF
    Situated on 0.55 acres
    Multiple established tenants
    On‑site parking
    Strong visibility along a commercial corridor
    View details
    Retail Strip Center For Sale
    Updated: Aug 14, 2025
    Retail Strip Center For Sale

    1420 Lancaster Dr NE, Salem, OR

    Contact for pricing
    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.
    View details
    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.

    View details
    See hot listings in Salem

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Based on your search, we've compiled 35 Potential Opportunities for your consideration. Besides 3 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

    Opportunities in Nearby Cities

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

    Three-Tenant NNN Strip Center
    Three-Tenant NNN Strip Center

    12930 Pacific, Lakewood, WA 98499

    $940,000
    5,192 sqft

    Fully leased retail center with service-oriented occupants, CPI-based annual escalations, and on-site parking.

    View details
    Five-Tenant Shopping Center
    Five-Tenant Shopping Center

    800-850 NW Eastman Pkwy, Gresham, OR 97030

    Contact for pricing
    14,460 sqft

    Fully occupied retail center with restaurant, service, and government tenancy.

    View details
    Gresham Retail Space For Lease
    Gresham Retail Space For Lease

    900-950 NW Eastman Pkwy, Gresham, OR

    Contact for pricing
    3,591 sqft 29.84 AC lot

    Retail space available in Gresham, anchored by major retailers.

    View details
    Fully Occupied Retail Strip Investment
    Fully Occupied Retail Strip Investment

    12134 Pacific Hwy SW, Lakewood, WA 98499

    $1,097,000

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

    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
    SHOPPING CENTER, STRIP CENTER

    4450 Commercial SE St, Salem, OR 97302-3916

    Estimated value:
    $545,000
    53,062 sqft 0.58 AC lot
    View details
    4450 Commercial SE St
    SHOPPING CENTER, STRIP CENTER

    4450 Commercial SE St, Salem, OR 97302-3916

    Estimated value:
    No data
    53,062 sqft 2.84 AC lot
    View details
    2460 Msn SE St
    SHOPPING CENTER, STRIP CENTER

    2460 Msn SE St, Salem, OR 97302-1119

    Estimated value:
    $565,000
    116,336 sqft 10.72 AC lot
    View details
    3802 Ctr NE St
    SHOPPING CENTER, STRIP CENTER

    3802 Ctr NE St, Salem, OR 97301-2905

    Estimated value:
    $20,600,000
    62,405 sqft 5.52 AC lot
    View details
    2737 Lancaster NE Dr
    SHOPPING CENTER, STRIP CENTER

    2737 Lancaster NE Dr, Salem, OR 97305-4134

    Estimated value:
    No data
    5,070 sqft 0.89 AC lot
    View details
    2927 Broadway NE St
    SHOPPING CENTER, STRIP CENTER

    2927 Broadway NE St, Salem, OR 97303-6562

    Estimated value:
    No data
    28,645 sqft 2.21 AC lot
    View details
    2157 Lancaster NE Dr
    SHOPPING CENTER, STRIP CENTER

    2157 Lancaster NE Dr, Salem, OR 97305-1228

    Estimated value:
    $465,000
    2,886 sqft 0.22 AC lot
    View details
    Salem, OR 97302
    SHOPPING CENTER, STRIP CENTER

    Salem, OR 97302

    Estimated value:
    $345,000
    1.14 AC lot
    View details
    4516 Sunnyside SE Rd
    SHOPPING CENTER, STRIP CENTER

    4516 Sunnyside SE Rd, Salem, OR 97302-3929

    Estimated value:
    No data
    6,500 sqft 0.28 AC lot
    View details
    5250 Commercial SE St
    SHOPPING CENTER, STRIP CENTER

    5250 Commercial SE St, Salem, OR 97306-1018

    Estimated value:
    No data
    120,648 sqft 16.05 AC lot
    View details
    3284 Lancaster NE Dr
    SHOPPING CENTER, STRIP CENTER

    3284 Lancaster NE Dr, Salem, OR 97305-1133

    Estimated value:
    No data
    48,200 sqft 4.33 AC lot
    View details
    4403 Commercial SE St
    SHOPPING CENTER, STRIP CENTER

    4403 Commercial SE St, Salem, OR 97302-3915

    Estimated value:
    No data
    7,058 sqft 1.78 AC lot
    View details
    3094 Lancaster NE Dr
    SHOPPING CENTER, STRIP CENTER

    3094 Lancaster NE Dr, Salem, OR 97305-1396

    Estimated value:
    No data
    4,025 sqft 0.22 AC lot
    View details
    3052 Lancaster NE Dr
    SHOPPING CENTER, STRIP CENTER

    3052 Lancaster NE Dr, Salem, OR 97305-1396

    Estimated value:
    $2,210,000
    28,950 sqft 2.45 AC lot
    View details
    1501 Hawthorne NE Ave
    SHOPPING CENTER, STRIP CENTER

    1501 Hawthorne NE Ave, Salem, OR 97301-1700

    Estimated value:
    No data
    81,917 sqft 5.70 AC lot
    View details
    5400 Riv N Rd
    SHOPPING CENTER, STRIP CENTER

    5400 Riv N Rd, Salem, OR 97303

    Estimated value:
    No data
    12,480 sqft 0.66 AC lot
    View details
    4451 Liberty S Rd
    SHOPPING CENTER, STRIP CENTER

    4451 Liberty S Rd, Salem, OR 97302

    Estimated value:
    No data
    88,897 sqft 0.64 AC lot
    View details
    4555 Liberty S Rd
    SHOPPING CENTER, STRIP CENTER

    4555 Liberty S Rd, Salem, OR 97302-5093

    Estimated value:
    $11,445,000
    88,897 sqft 5.56 AC lot
    View details
    4703 Liberty S Rd
    SHOPPING CENTER, STRIP CENTER

    4703 Liberty S Rd, Salem, OR 97302

    Estimated value:
    No data
    88,897 sqft 0.66 AC lot
    View details
    2265 Lancaster NE Dr
    SHOPPING CENTER, STRIP CENTER

    2265 Lancaster NE Dr, Salem, OR 97305-1224

    Estimated value:
    No data
    6,019 sqft 7.99 AC lot
    View details
    2195 Lancaster NE Dr
    SHOPPING CENTER, STRIP CENTER

    2195 Lancaster NE Dr, Salem, OR 97305-1228

    Estimated value:
    $790,000
    5,400 sqft 0.42 AC lot
    View details

    Salem, OR Strip Malls Market Trends and Statistics

    Explore 31 strip malls for sale in Salem, OR, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 38,365 square feet of properties for sale.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Storefront properties 47
    Shopping centers 39
    Automotive properties 8
    Showrooms 6
    Auto shops 5

    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)

    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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    • 97301

    Featured Salem Real Estate Agencies

    Realmo connects you with licensed Salem CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Prudential Real Estate Professionals
    1220 20th Street SE Salem, OR 97302
    Phone: 15033713013
    www.PrudentialHomeFinder.com

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