1251-1261 Lancaster Dr NE - Medical FOR SALE


Salem, OR 97301- Northeast Salem
$1,400,000 USD
503-370-2581
1251-1261 Lancaster Dr NE, Salem, OR for Sale
$1,400,000 USD
Medical - FOR SALE
1/3
null | Request Cap Rate

1251-1261 Lancaster Dr NE
Salem, OR 97301
Northeast Salem


HIGHLIGHTS

  • Strong visibility with traffic counts of 34,002 vpd
  • Two buildings totaling 6,950 SF

OVERVIEW

Located on high-traffic Lancaster Drive, this 6,950 SF office/medical property consists of two connected buildings joined by a breezeway. Zoned MU-III, the property allows for a wide range of office, medical, and mixed-use uses, providing flexibility for owner-users or investors. The building features an efficient layout adaptable to a variety of professional uses, with ample on-site parking and strong signage exposure.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$178 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

MU-III

APN/PARCEL ID

566378,566379

ASK ABOUT THIS PROPERTY

Terry HancockHancock Real EstateMore Info
503-370-2581

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Terry HancockHancock Real EstateMore Info
503-370-2581

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.