3170-3260 Lancaster Drive NE

Salem, OR

Retail for Sale - $8,750,000 - 61,362 Sq. Ft. on 6 acres


Agent Info

Alex Rhoten

Property Info

CIMLS#1119258
Location
  3170-3260 Lancaster Drive NE
  Salem OR 97305
UpdatedNovember 23rd, 2022
TypeRetail
Price$8,750,000
Building61,362 Sq. Ft.
Land6 acres

Property Description

PROPERTY DESCRIPTION

The Pioneer Shopping Center and parking lot are currently owned by a local, long-time real estate development family. This property is made up of 16 parcels of land - 61,362 SF of building space and 234,902 SF of parking lot. Tax Lots R355175, R78007 and R78008 contain both building and associated parking lot space, while the remaining 13 lots are parking and land/lot space. There is a shared parking agreement between Los Dos Amigos and the State Offices. Out of the 500 total parking spots, there are 33 spots on the Los Dos Amigos plat. The remaining 467 parking spots are owned by Pioneer Square with 360 of those spaces being shared in a non-exclusive agreement with the State Office. There are 6 ADA parking spots in front of 3200-3260 Lancaster Dr NE and another 6 ADA spots on the South side of the State Office.

The current buildings are leased by nine tenants, plus two tenants which are currently leased by the owner. Rent roll and financial information is available upon request.

**These properties are owned & managed by a trust and this information is only based on information received and may be subject to change.**


Financials



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