2215 Lancaster Dr NE | Salem, OR 97305
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- LoopNet Team
2215 Lancaster Dr NE
Salem, OR 97305
Village East Shopping Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 7.50% cap rate on actual NOI
- Top performing Ross Dress for Less and Big 5 Sporting Goods
- Positive leasing momentum and tenant performance
- Big 5 Sporting Goods early lease renewal
- Grocery anchored by La Tapatia Market
- Ross Dress for Less and Big 5 Sporting Goods have been located at the center for 35 and 25 years, respectively
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
124,378 SF
Building Class
C
Year Built
1986
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
8.32 AC
Zoning
CR
Parking
600 Spaces (4.4 Spaces per 1,000 SF Leased)
Frontage
870’ on Lancaster Dr
AMENITIES
- Bus Line
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 559870 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $11,416,910 |
PROPERTY TAXES
Parcel Number
559870
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$11,416,910
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