1572 Lancaster DrSalem, OR 97301

For Lease
$16.80/SF/YR
Property records and analytics
Prime Retail Space, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional retail opportunity is situated at 1572 Lancaster Dr NE, conveniently located just off the intersection of NE Market Street and NE Lancaster Drive, across from Fred Meyer and north of Lancaster Mall. The property boasts a total of 24,840 square feet, with a single, available suite encompassing 5,592 square feet. This well-established retail complex benefits from its position in a heavily trafficked area, ensuring high visibility and potential customer reach. The property sits on a 2.42-acre lot and is zoned MU-III (Mixed-Use III), offering flexibility for a variety of commercial uses. The 5,592 square foot space was previously a nightclub and retains existing bar and kitchen infrastructure, including two fryers, a sink, a two-burner range with griddle, and two standard ovens. Its proximity to Interstate-5 North and South (less than two minutes away) provides unparalleled accessibility for both customers and employees. This is an ideal location for a business seeking high visibility and convenient access to major transportation routes. The property presents a unique opportunity to establish or expand a business within a thriving commercial environment. The existing kitchen equipment offers significant potential for food-related businesses, while the flexible zoning allows for a range of other commercial ventures. This is a rare opportunity to acquire a well-located, established retail space with significant potential.

Highlights

  • 24,840 SF retail shopping center on 2.42 acres.
  • Single-tenant, 5,592 SF vacant suite available.
  • Located at 1572 Lancaster Dr NE, near Market St, across from Fred Meyer, and north of Lancaster Mall.
  • Less than 2 minutes from I-5.
  • MU-III (Mixed-Use III) zoning.
  • Former nightclub space with existing bar and kitchen equipment (2 fryers, sink, 2-burner range with griddle, 2 ovens).

Property Details for 1572 Lancaster Dr

Property type
Lifestyle centers, Power centers
RSF (Rentable sq. ft)
24,840 SF

Unit(s) available at that property

Space
Size
5,592 SF
Rate per SF
$16.80

Location Insight

City
Salem
County
Marion
State
Oregon
Latitude
44.9486425
Longitude
-122.9831805
1572 Lancaster Dr, Salem, Oregon

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FAQs

What type of property is this?
Lifestyle center - Prime Retail Space, High Traffic Area
Where is the lifestyle center located?
The property is located at 1572 Lancaster Dr Salem, OR.
What is the lease rate?
The lease rate is $16.80/SF/YR.
What are key features of this property?
This property features: 24,840 SF retail shopping center on 2.42 acres.; Single-tenant, 5,592 SF vacant suite available.; Located at 1572 Lancaster Dr NE, near Market St, across from Fred Meyer, and north of Lancaster Mall.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
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Contacts

Alex Rhoten
Alex Rhoten
Kelsi Sands
Kelsi Sands
Visit Broker Website

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Lancaster Dr
Salem, OR 97301

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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1572 Lancaster Dr
  • Alex Rhoten
    Alex Rhoten
  • Kelsi Sands
    Kelsi Sands
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