Former Rite Aid Space for Lease - Join Other National Tenants!

4500 Commercial St SE Salem, OR 97302

4500 Commercial St SE, Salem, OR, 97302
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FOR LEASE
Property Type:
Strip Center
Amount:
Please Call Broker for Price

Last Verified:
Oct 17, 2025

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Highlights

  • High Traffic Area
  • Prime South Salem Location
  • Large Parking Area
  • Neighboring National Tenants

Description

Discover an unparalleled leasing opportunity at this prime location in South Salem, next to ULTA Beauty, TRADER JOE'S and PETCO. This premier property offers an ideal space for businesses seeking a vibrant and accessible setting to thrive. This property provides the perfect canvas for your big retail, family entertainment or restaurant venue. Ample parking, high visibility, and easy access enhance the convenience for employees and visitors. Elevate your business at this top-tier leasing destination.

LOCATED NEXT TO PETCO, ULTA BEAUTY AND TRADER JOE'S...Welcome to the growing business community of Salem, Oregon. Situated in a prime and unique South Salem location, the area offers an array of retail opportunities, attracting a steady stream of shoppers and businesses alike. The property benefits from close proximity to major grocery chain, Trader Joes, national retailers, PetCo and Ulta Beauty, popular dining establishments, entertainment venues, and community hotspots, enhancing its appeal to retail tenants. With easy access to major transportation routes and a thriving local economy, this location provides an ideal setting for a Retail/Big Box Store Building, promising visibility, foot traffic, and commercial success.


Year Built: 1984
Building Size: 30714sq ft
Lot Size: 2.33 acres

Units for Lease

FORMER RITE AID Retail Space
Space Available: 30715 SF
Lease Type: NNN
Former Rite Aid Building - DEMISED SPACE
Space Available: 7938 SF
Lease Type: NNN

Map of 4500 Commercial St SE, Salem, OR, 97302

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.