390 Lancaster Dr NE
Salem OR 97301

Former Miller Paint - Salem

390 Lancaster Dr NE Salem OR 97301

Listing #: 715097 | Status: Available | Last Modified: 7/8/2026 |

For Sale
Clayton Brown
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
MP Salem Cover.jpg
Price Information
  • Listing Price$ 1,145,000.0
  • $/SF$ 174.9
  • Listing StatusAvailable
  • Days on Market2
  • Asset ClassRetail
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income0
  • Vacancy Factor %0.00%
  • Operating Expenses0
  • Net Operating Income0
  • CAP Rate 0.00 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Retail Asset Class Info
  • Crane Count
  • Crane Tonnage0
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Second Road Front
  • Grade Level Door Count
  • Tennant Improvement Allowance
Building Information
  • Building StatusExisting
  • # of Buildings1
  • # of Floors1
  • # of Units0
  • # of Elevators
  • Clearance Height Min
  • Clearance Height Max
  • Bay Depth
  • Total Building SF6545
  • Net Rentable Area6545
  • Total Office SF
  • Largest Contiguous SF
  • Lot SF13721
  • Acres0.32
Property Type
  • Property TypeRetail
  • Office Type
  • Building Class
Location
  • CountyMarion
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaNot Assigned
  • Tax ID #072W30CA04200
  • Additional Parcels
  • ZoningCG
Parking Information
  • # Covered Spaces0
  • # Uncovered Spaces0
  • Total Parking Spots0
  • Parking Ratio
Construction
  • Year Built1979
  • Year Renovated2019
  • Completion Date
  • Roof Type
  • Construction TypeFramed

Former Miller Paint - Salem

Public Comments

We have been selected to exclusively market for sale the former Miller Paint in Gresham, OR, an owner/user or value-add investor opportunity. The property features a 6,545 SF commercial building on 0.31 acres in Salem, OR, with an open layout including retail, warehouse, and second floor mezzanine/office space, providing for numerous use options. The property has prominent frontage along Lancaster Drive NE, a primary north-south arterial, providing exceptional visibility, signage exposure, and strong drive-by traffic, with a protected turning lane for easy access from both traffic directions, and 9 parking stalls for easy employee/customer parking. The property is located within a dynamic retail and medical corridor, surrounded by national and regional tenants, driving consistent consumer traffic and reinforcing long-term tenant demand. The property features flexible Commercial General zoning, permitting a broad range of retail, health services, general commercial, warehouse, wholesale commercial sales and services, outdoor storage, and hospitality uses, supporting strong re-tenanting flexibility and long-term optionality. Currently vacant, the property offers lease-up opportunity with market rents approximately $16/SF–$19/SF + NNN. Located directly on Lancaster Dr NE with convenient access to major interstate I-5 and regional highway OR-22, the property supports efficient customer access, employee commutes, and broad regional draw. The area demographics are strong, with nearly 209,000 people within a 5-mile radius and average household incomes approaching $90,000.

Listing Images