Retail Space - For Sale
1120 Lancaster Drive Southeast Salem, OR 97317
Details & Description
Price: $14,000,000
  • Property Type Retail for Sale : Shopping Center
  • Lot Size Acres 8.170
  • Building Sq Ft 119,137
  • Building Price per Sq Ft $117.51
  • Land Sq Ft 355,885
  • Land Price per Sq Ft $39.34
Lancaster Marketplace is a shopping center consisting of a Sportsmans Warehouse, Dollar Tree, Boy's and Girls Club along with retail shops on a single site in Salem Oregon. This center is co-anchored by Shopko and WinCo Foods (neither of which is included in the sale).Highlights Include:Long Term leases with strong tenantsExcellent access to freeway system and nearby employment centerWell situated near residential neighborhoodsLocated within a seasoned, fully developed regional commercial centerStrong demographicsVacant and shell spaces represent upside growthExcellent visibility to Highway 22 and Lancaster DriveTwo Pylon directory signs on property and highly visible sign bandProfessionally managed by NAI ElliottFull offering package available by signing confidentiality agreement
Listing Agents
Cap Berri
NAI - Elliott
O: 503-972-7187
M: 503-860-4689
cberri@naielliott.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

1120 Lancaster Drive Southeast

Salem, OR 97317

Listing ID: 230458
$14,000,000
For Sale
  • Property Type Retail for Sale : Shopping Center
  • Lot Size Acres 8.170
  • Building Sq Ft 119,137
  • Building Price per Sq Ft $117.51
  • Land Sq Ft 355,885
  • Land Price per Sq Ft $39.34
  • 1120 Lancaster Drive Southeast Salem, OR 97317 - main image
  • 1120 Lancaster Drive Southeast Salem, OR 97317 - alt image 2
  • 1120 Lancaster Drive Southeast Salem, OR 97317 - alt image 3
1120 Lancaster Drive Southeast - main image
1120 Lancaster Drive Southeast - alt image 2
1120 Lancaster Drive Southeast - alt image 3
Description

Lancaster Marketplace is a shopping center consisting of a Sportsmans Warehouse, Dollar Tree, Boy's and Girls Club along with retail shops on a single site in Salem Oregon. This center is co-anchored by Shopko and WinCo Foods (neither of which is included in the sale).

Highlights Include:

Long Term leases with strong tenants

Excellent access to freeway system and nearby employment center

Well situated near residential neighborhoods

Located within a seasoned, fully developed regional commercial center

Strong demographics

Vacant and shell spaces represent upside growth

Excellent visibility to Highway 22 and Lancaster Drive

Two Pylon directory signs on property and highly visible sign band

Professionally managed by NAI Elliott

Full offering package available by signing confidentiality agreement

Attachments & Files

Listing Demographics for 1120 Lancaster Drive Southeast Salem, OR 97317

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population13,80873,907184,259
Population Median Age363637
Population by Age0-9 Yrs2072 (15%)9462 (12%)24133 (13%)
10-19 Yrs1990 (14%)9942 (13%)25613 (13%)
20-29 Yrs2114 (15%)12388 (16%)29147 (15%)
30-39 Yrs1996 (14%)10861 (14%)26716 (14%)
40-49 Yrs1464 (10%)9229 (12%)21902 (11%)
50-59 Yrs1543 (11%)8333 (11%)20735 (11%)
60-69 Yrs1539 (11%)7766 (10%)20229 (10%)
70+ Yrs1090 (7%)5926 (8%)15782 (8%)
Median HH Income$49,440$49,814$53,330
Total Household Income< 24K924 (20%)5512 (22%)13802 (21%)
25-49K1344 (30%)6672 (27%)16963 (26%)
50-74K959 (21%)4708 (19%)12524 (19%)
75-99K657 (14%)3119 (12%)8452 (12%)
100-199K550 (12%)3890 (16%)11529 (17%)
200K+26 (0%)354 (1%)1761 (2%)
Highest Education LevelNo Diploma2018825118801
Diploma or GED27541460430757
Some College26101351832423
Assoc. Degree52438329988
Bachelors Degree581571318058
Higher Degree19625819968
Total Housing Units4,73926,01069,480
--Owner-Occupied2,50112,52533,333
--Renter-Occupied1,96111,73131,698
Owner-Occupied Values< 100K60616183053
100-199K108646579922
200-299K690419211987
300-399K8212754706
400-499K33531837
500K+354291827
Total Working Age Population10,55658,585144,823
In Work Force6,55134,46989,831
Not In Work Force4,00424,11654,992
Workforce Employed6,21832,37384,366
Workforce Unemployed3342,0775,357
Civlian Workforce6,55134,45089,723
Military Workforce019109
Total Households4,46224,25665,030
Family Households3,12515,15640,993
Non-Family Households1,3379,10024,038
Married Couple2,08310,23728,265
Other Family1,0424,91912,728
Married w/Child8254,32812,017
Single Male w/Child1216031,862
Single Female w/Child3602,0265,261

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Oregon3,421,399+123,831,074+114,264,810+114,727,438
Marion County284,834+11315,335+11350,125+11388,420
Polk County62,380+2175,403+1385,012+1698,501

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
Listing Agent
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