Crown Memorial 275 Lancaster Drive Southeast
Salem, OR 97317
For Sale
2,800 sqft
Sale Price
$850,000
Brochure
Property Website
Map
Retail For Sale - Unavailable
SINGLE TENANT VALUE ADD OPPORTUNITY IN A DENSE RETAIL MARKET
SE Lancaster Location, Major Retail Corridor Running North and South through Salem
Surrounded by more than 85 National Retailers within a 1 mile radius
Circled by 15 National Name Big Box and Grocery Traffic Volume Drivers including Walmart, Home Depot, Lowes, Target, Dicks, Nordstrom Rack, Barnes & Noble, Roth’s, Fred Meyer, Safeway and More
Close proximity to the Interstate-5 Ramp with Traffic Counts Exceeding 100K Vehicles Per Day
Corner Lot Location with Excellent Visibility and Ownership of a Large Pylon Sign
Excellent Opportunity to Secure a Strong Retailer During Tenant’s Nine Month Sale-Leaseback
Strong Local Demographics with a Population Exceeding 91K People within a 3 Mile Radius
Get in touch
Joey Blatner
Lic: OR Lic. #980500024
JB
Megan Wallachy
Lic: OR Lic. #200603442
MW
CBRE is pleased to offer to the market the Crown Memorial Cremation Services Center located at the corner of Lancaster Drive, running parallel to Interstate 5 with traffic counts near the subject property exceeding 100K vehicles per day (Costar 2022), and Mahrt Ave SE. The property sits at the corner of a 4 way intersection with excellent visibility, backfilled by more than 31K residential homes within a 3 miles radius of the property and is surrounded by more than 85 National retailers. The property is located within the Four Corners neighborhood of Salem. The tenant will lease back the space for up to nine months to allow the owner to find a suitable tenant for the space. The lease will be absolute net. The property sits within close proximity to Roberts High School, enrollment of 471 students.
The property is in a great location at the corner of Mahrt Ave SE and Lancaster Drive SE running parallel to Interstate 5. The high visibility on the corner, strengthened by the property’s large pylon sign and the property’s proximity to the Interstate make an attractive case for a new tenant. Further, the property is surrounded by more than 31K homes within a 3 mile radius and located only ½ mile from Roberts High School. The property is centrally located and lends itself to a myriad of different tenants.
Total Space Available
2,800 sqft
Sale Price
$850,000
Get in touch
Joey Blatner
Lic: OR Lic. #980500024
JB
Megan Wallachy
Lic: OR Lic. #200603442
MW