Map of Property

Lancaster Land

For Sale

423 Lancaster Dr SE, Salem, OR 97317

This Salem property for sale is located at 423 Lancaster Dr SE. The current listed sale price for Lancaster Land is $500,000. Lancaster Land is situated on a lot that is 94,961 square feet in size.

Contacts

Scott Logan
Andy Stewart

Property Details

  • Property Type Other
  • Lot Size 94,961 SF
  • Date Updated Oct 6, 2026

2.18 Acre Site | General Commercial Zone

Colliers is pleased to present ±2.18 acres (94,961 SF) of undeveloped, commercially zoned land on Lancaster Drive in Salem, Oregon. The parcel is directly adjacent to the Regal Santiam 11 theater and fronts Lancaster Drive, one of Salem's primary retail corridors, with traffic counts over 17,000 vehicles per day and quick access to Interstate 5. The asking price is $500,000, or $5.27 per SF.


The site is zoned CG (General Commercial), which allows a wide range of uses including retail and service, office, medical, hospitality, and mixed-use residential. The surrounding trade area is anchored by national retailers such as Home Depot, Walmart, WinCo Foods, Lowe's, and CarMax, with an established residential base to the south and west. Street frontage on Lancaster is approximately 400’.

The parcel is available on its own or together with the neighboring Regal Santiam 11 ground lease investment. The combined offering totals ±8.55 acres for $3,499,000, giving a buyer in-place income today and a large, contiguous commercial site for future redevelopment.

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Getting around

  • 58/100

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  • 37/100

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  • 69/100

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Location

  • City Salem, OR
  • Neighborhood Southeast Salem
  • Zip Code 97317
  • Market Eugene

Points of Interest

  • Salem

    2.27 miles

  • Brooks Historical Society Depot

    8.92 miles

  • Hopmere Station

    9.00 miles

  • 76

    0.34 miles

  • Space Age

    0.59 miles

  • ChargePoint

    0.60 miles

  • Chevron

    0.63 miles

  • Shell

    0.65 miles

  • Arco

    0.92 miles

  • Tesla Supercharger

    1.13 miles

  • Pacific Pride

    1.37 miles

  • Petrol Express

    1.66 miles

  • Pulse

    2.00 miles

  • Grace Baptist Church Park and Ride

    0.42 miles

  • Christ the Good Shepherd Lutheran Church Park and Ride

    0.58 miles

  • State of Oregon Shuttle Mail Hub

    0.86 miles

  • Airport Road Park and Ride

    0.94 miles

  • Postal Employee Parking

    1.27 miles

  • Market Street Park and Ride

    1.95 miles

  • E Lot

    2.36 miles

  • Staff Parking

    2.43 miles

  • Patient Visitor Parking Garage

    2.50 miles

  • Visitor Parking

    2.54 miles

  • Comfort Suites

    0.40 miles

  • Residence Inn

    0.41 miles

  • Home2 Suites

    0.48 miles

  • Hampton Inn & Suites

    0.48 miles

  • La Quinta Inn

    0.62 miles

  • Mill Creek Inn

    0.75 miles

  • Howard Johnson by Wyndham Salem

    1.59 miles

  • Holiday Lodge Motel

    1.69 miles

  • Motel 6 Salem

    1.70 miles

  • Days Inn Black Bear

    1.75 miles

  • Los Compadres Meat Market

    0.25 miles

  • WinCo Foods

    0.77 miles

  • Walmart Supercenter

    0.89 miles

  • Target

    1.05 miles

  • Roth's Fresh Markets

    1.15 miles

  • TJ Maxx

    1.24 miles

  • Burlington

    1.30 miles

  • Fred Meyer

    1.73 miles

  • Big Lots

    2.14 miles

  • Bi-Mart

    2.20 miles

Contact Lancaster Land
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