Salem, OR Strip Malls for Sale

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

Updated: Jul 14

Leased Multi-Tenant Strip Center

1200 Hawthorne Ave NE, Salem, OR 97301

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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

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Updated: Aug 14, 2025

Retail Strip Center For Sale

1420 Lancaster Dr NE, Salem, OR

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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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Two-Building Retail Strip Center

1420 Lancaster Dr NE, Salem, OR 97301

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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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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 39 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, 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.

Leased Retail Strip Center

841 W 1st Ave, Toppenish, WA 98948

$1,500,000

8,640 sqft 1.28 AC lot

Fully leased 8-unit retail strip center built in 2015 with on-site parking and multiple long-term tenants.

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Leased 8-Unit Retail Strip Center

841 W 1st Ave, Toppenish, WA 98948

Contact for pricing

8,640 sqft 1.28 AC lot

Fully occupied center with established tenants, substantial on-site parking, and frontage along SR 97 in Toppenish.

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Multi-Tenant Retail Strip Center

11050 SE Powell Blvd, Portland, OR 97266

Contact for pricing

14,624 sqft

Multi-tenant strip center built in 2006 with a local service mix and anchor tenants.

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Well-Maintained Strip Mall Investment

13116 NE SANDY, Portland, OR 97230

$2,480,973

17,500 sqft

Fully leased strip mall with expansion and income potential.

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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.

Spokane Valley Development Opportunity

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

$647,700

1.45 AC lot

1.45 acre commercial land in growing Dishman Mica corridor.

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Paradise Skyway Commercial Land Opportunity

9272-9300 Skyway, Paradise, CA 95969

$120,000

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

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Vacant Commercial Land Site

704 N Fresno Street, Fresno, CA 93701

$199,900

0.34 AC lot

Vacant lot near Fresno Community Regional Medical Center and the Hwy 41/Tulare Ave exit.

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Commercial Land with Frontage

211-215 Grand Avenue lot: 5, Billings, MT 59101

$200,000

0.40 AC lot

Commercial parcel near downtown Billings with direct Grand Avenue frontage and several development concepts identified.

$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

Value Estimation by Request

6,019 sqft 7.99 AC lot

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SHOPPING CENTER, STRIP CENTER

2195 Lancaster NE Dr, Salem, OR 97305-1228

Value Estimation by Request

5,400 sqft 0.42 AC lot

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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.

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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)

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 Strip Malls for Sale

1200 Hawthorne Ave NE, Salem, OR 97301

1420 Lancaster Dr NE, Salem, OR

1420 Lancaster Dr NE, Salem, OR 97301

Opportunities in Nearby Cities

841 W 1st Ave, Toppenish, WA 98948

841 W 1st Ave, Toppenish, WA 98948

11050 SE Powell Blvd, Portland, OR 97266

13116 NE SANDY, Portland, OR 97230

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

211-215 Grand Avenue lot: 5, Billings, MT 59101

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

Salem, OR Strip Malls Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Average Property Price per SF

Residential Income

Property Size Breakdown

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