$8,750,000 SALE
61,362 SF
3170-3260 Lancaster Drive NE
Salem, OR 97305 Pioneer Sqaure

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. Commission has been updated and changed since the original offering on MLS. The selling office commission is 1%.** ***Tenant/Buyer to be responsible for verifying occupancy with City of Salem

Property Type Retail
Property Use Rental or Investment
Zoning CR
Listing ID 3T6ZF2
MLS ID 790413
Style Retail Bldg -Local Strip
Building Size 61,362 SF
Lot Size 6.08 AC
Property Features
Parking Places: 500
Lot Size: 5-10 Acres
Location: LOCATION DESCRIPTION Pioneer Square Shopping Center on NE Lancaster Drive near Silverton Road. This property is a 5 minute drive from Chemeketa Community College and only 3 miles to I-5. Pioneer Square is a retail strip center and parking lot with prominent businesses such as Chuck E. Cheese, Miranda Bros Bakery and the Radio Station KLSM AM 1220. Nearby businesses include the Courthouse Athletic Club, Walmart, Mega Food Salem and PetSmart.
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