390 Lancaster Drive NE, Salem, OR 97301

The Brown Group of Marcus & Millichap has 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. In 2019 the retail space received a new roof, HVAC unit, and front entry wall. The warehouse space roof and HVAC unit were replaced within the last 12 years. The property has prominent frontage along Lancaster Drive NE, providing exceptional visibility, signage exposure, and strong drive-by traffic, with a protected turning lane, and 9 parking stalls. 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.