Damonian Pike

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Listing provided courtesy of COLDWELL BNKR/COMMERCIAL DIV- MLS# 842633MLS ProviderContact Information: AGENT: 503-566-5706

2050 Lancaster Dr NESalem, OR 97305

Commercial · 9,393 Sq. ft. | 0.46 Acres
$998,000 ACTIVE

2050 Lancaster Dr NE Overview

Time on Site:
6 days
Visits:
1

This is a value-add multi-tenant opportunity on Salem's high-traffic Lancaster Dr. NE. Anchor Tenant is Metro by T-Mobile alongside additional service tenants, providing income with meaningfull upside. The location provides strong visibility, on-site parking and a dense growing trade area.

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2050 Lancaster Dr NE Facts & Features

  • Type Commercial
  • Sq. ft. 9,393
  • Price/Sq.ft. $106
  • Lot 0.46 Acres

Details

General

Building Information

  • Year Built: 1976

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: 9393

Exterior

Lot Information

  • Lot Size Acres: 0.46
  • Water Source: City

General Information

  • Sewer: City

2050 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.

2050 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

2050 Lancaster Dr NE History

Date Event Value Agent
6/23/2026Source: Willamette Valley MLS Added to Database
June 23, 2026