Damonian Pike

Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Reload
 
Listing provided courtesy of JOHN L. SCOTT-SALEM- MLS# 839767MLS ProviderContact Information: 541-514-1779

2615 Lancaster Dr NESalem, OR 97305

Commercial · 5,928 Sq. ft. | 0.61 Acres
$1,600,000 ACTIVE

2615 Lancaster Dr NE Overview

Time on Site:
55 days
Visits:
0

This sale-leaseback retail opportunity in Salem features a reliable, passive income stream with long-term, stabilized tenant committed to the location and the business. El Ranchero is a very well-known high volume local business featuring on-site food & beverage, as well as abundant grocery, deli, and retail selections.Pricing offers a 7% CAP rate with NNN structure, 10-year term with options, and flexible lease terms. Tenant will assume responsibility for all on-site maintenance. The business has been there since 2019, anchored by Dollar Tree on a strategic, high-traffic commercial location. The property offers a blend of capital appreciation and immediate risk-adjusted returns for any investor.Updated financials and OM coming soon.Text / Call LA with questions.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

2615 Lancaster Dr NE Facts & Features

  • Type Commercial
  • Sq. ft. 5,928
  • Price/Sq.ft. $270
  • Lot 0.61 Acres

Details

General

Location/Region

  • County Or Parish: Marion
  • MLS Area Major: 30 SUBURBAN E SALEM/NORTH

General Information

  • Property Sub Type: Retail
  • Property Type: Commercial

Interior

General Information

  • Living Area: 5928

Exterior

Lot Information

  • Lot Size Acres: 0.61
  • Lot Size Square Feet: 26301

2615 Lancaster Dr NE Neighborhood

Community

97305 (Salem) Demographics

30
Median Age
934
Population Density (per sq. mile)
25%
College Educated
$56,787
Estimated Median Income
7,843
Estimated Total Home Owners
6,333
Estimated Total Renters
55% / 45%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2615 Lancaster Dr NE Market Data

Based on the last 30 days in this zip code

$491,635
Average List Price
$275
Average Price per Square Foot
35
Properties Sold
92
Average Days on Market
192
Properties for Sale
Calculations provided by Reliance Network

2615 Lancaster Dr NE History

Date Event Value Agent
6/12/2026Source: Willamette Valley MLS Status Change
ACTIVE
5/16/2026Source: Willamette Valley MLS Status Change
ACTIVE UNDER CONTRACT
5/5/2026Source: Willamette Valley MLS Added to Database
May 05, 2026