LISTING DETAILS

Former Miller Paint - Salem

390 Lancaster Dr NE Salem OR 97301

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

MP Salem Cover.jpg
Showing Instructions
Call Listing AgentNo
Use DiscretionNo
Investment Information
Investment PropYes
Gross Income0
Vacancy Factor %0.00%
Operating Expenses0
Net Operating Income0
CAP Rate0.00 %
Detail Listing Information
Min Total SF0 SF
Max Total SF0 SF
Lease Rate Low$ 0.00
Lease Rate High$ 0.00
Retail Information
SignageSignage on Building and Freestanding
Retail Asset Class Info
Crane Tonnage0
Building Information
Building StatusExisting
# of Buildings1
# of Floors1
# of Units0
Total Building SF6,545 SF
Net Rentable Area6,545 SF
Total Office SF0 SF
Largest Contiguous SF0 SF
Lot SF13,721 SF
Acres0.32
Year Built1979
Year Renovated2019
Construction TypeFramed
Property Type
Property TypeRetail
Location
CountyMarion
Market AreaNot Assigned
Tax ID #072W30CA04200
ZoningCG
Parking Information
#Covered Spaces0
# Uncovered Spaces0
Total Parking Spots0

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.

Former Miller Paint - Salem
390 Lancaster Dr NE Salem OR 97301

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

For Sale

Former Miller Paint - Salem

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