Retail Space / Oregon / Salem / 97317 / 1120 Lancaster Drive Southeast

1120 Lancaster Drive Southeast

Q: What is the asking price for 1120 Lancaster Drive Southeast in Salem?

The asking price for 1120 Lancaster Drive Southeast is $14,000,000

Q: What is the building size of this Retail property in Salem, OR?

The size of the building/unit at 1120 Lancaster Drive Southeast in Salem is 119,137 square feet.

Q: How much land does the Salem, OR property at 1120 Lancaster Drive Southeast include?

1120 Lancaster Drive Southeast in Salem includes 8.170 acres of land.

Q: What kind of Retail is the propery at 1120 Lancaster Drive Southeast?

The property at 1120 Lancaster Drive Southeast Salem, OR 97317 is listed as a Shopping Center Retail property.

Q: What is the population within 1 mile of 1120 Lancaster Drive Southeast?

The population within 1 mile of 1120 Lancaster Drive Southeast Salem, OR 97317 is 13,808 people.

Q: Who do I contact for questions about 1120 Lancaster Drive Southeast?

You should contact the listing agent, Cap Berri, for any details regarding this commercial listing.

Salem, OR 97317

Listing ID: 230458

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Building Size: 119,137 SF

Lot Size: 8.170 AC

Land Size: 355,885 SF

Building $/SF: $117.51

Land $/SF: $39.34

Price

$14,000,000

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

lancastermarketplace041621flyerllr-457-Znn.pdf

Points of Interest & Demographic Radii

Points of Interest

Demographic Radii

POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Salem History of Retail Space for Sale

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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 Population		13,808	73,907	184,259
Population Median Age		36	36	37
Population by Age	0-9 Yrs	2072 (15%)	9462 (12%)	24133 (13%)
	10-19 Yrs	1990 (14%)	9942 (13%)	25613 (13%)
	20-29 Yrs	2114 (15%)	12388 (16%)	29147 (15%)
	30-39 Yrs	1996 (14%)	10861 (14%)	26716 (14%)
	40-49 Yrs	1464 (10%)	9229 (12%)	21902 (11%)
	50-59 Yrs	1543 (11%)	8333 (11%)	20735 (11%)
	60-69 Yrs	1539 (11%)	7766 (10%)	20229 (10%)
	70+ Yrs	1090 (7%)	5926 (8%)	15782 (8%)

Median HH Income		$49,440	$49,814	$53,330
Total Household Income	< 24K	924 (20%)	5512 (22%)	13802 (21%)
	25-49K	1344 (30%)	6672 (27%)	16963 (26%)
	50-74K	959 (21%)	4708 (19%)	12524 (19%)
	75-99K	657 (14%)	3119 (12%)	8452 (12%)
	100-199K	550 (12%)	3890 (16%)	11529 (17%)
	200K+	26 (0%)	354 (1%)	1761 (2%)

Highest Education Level	No Diploma	2018	8251	18801
	Diploma or GED	2754	14604	30757
	Some College	2610	13518	32423
	Assoc. Degree	524	3832	9988
	Bachelors Degree	581	5713	18058
	Higher Degree	196	2581	9968

Total Housing Units		4,739	26,010	69,480
--Owner-Occupied		2,501	12,525	33,333
--Renter-Occupied		1,961	11,731	31,698
Owner-Occupied Values	< 100K	606	1618	3053
	100-199K	1086	4657	9922
	200-299K	690	4192	11987
	300-399K	82	1275	4706
	400-499K	3	353	1837
	500K+	35	429	1827

Total Working Age Population		10,556	58,585	144,823
In Work Force		6,551	34,469	89,831
Not In Work Force		4,004	24,116	54,992
Workforce Employed		6,218	32,373	84,366
Workforce Unemployed		334	2,077	5,357
Civlian Workforce		6,551	34,450	89,723
Military Workforce		0	19	109

Total Households		4,462	24,256	65,030
Family Households		3,125	15,156	40,993
Non-Family Households		1,337	9,100	24,038
Married Couple		2,083	10,237	28,265
Other Family		1,042	4,919	12,728
Married w/Child		825	4,328	12,017
Single Male w/Child		121	603	1,862
Single Female w/Child		360	2,026	5,261

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Oregon	3,421,399	+12	3,831,074	+11	4,264,810	+11	4,727,438
Marion County	284,834	+11	315,335	+11	350,125	+11	388,420
Polk County	62,380	+21	75,403	+13	85,012	+16	98,501

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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.

Common Questions and Answers

What is the asking price for 1120 Lancaster Drive Southeast in Salem?

The asking price for 1120 Lancaster Drive Southeast is $14,000,000

What is the building size of this Retail property in Salem, OR?

The size of the building/unit at 1120 Lancaster Drive Southeast in Salem is 119,137 square feet

How much land does the Salem, OR property at 1120 Lancaster Drive Southeast include?

1120 Lancaster Drive Southeast in Salem includes 8.170 acres of land

What kind of Retail is the propery at 1120 Lancaster Drive Southeast?

The property at 1120 Lancaster Drive Southeast Salem, OR 97317 is listed as a Shopping Center Retail property

What is the population within 1 mile of 1120 Lancaster Drive Southeast in Salem?

The population within 1 mile of 1120 Lancaster Drive Southeast Salem, OR 97317 is 13,808 people.

Who do I contact for questions about 1120 Lancaster Drive Southeast?

You should contact the listing agent, Cap Berri, for any details regarding this commercial listing.

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1629 Northeast Baker Street, McMinnville, OR	CALL	3000	-
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Closest Commercial Airports

Airport	Distance (mi)
Portland International Airport (PDX)	50
Seattle Tacoma International Airport (SEA)	178
Boeing Field King County International Airport (BFI)	184