Former Rite Aid Building

4500 Commercial St SE, Salem, OR 97302

Property Information

  • For Lease Contact for pricing
  • Property Type Retail - Strip
  • Property Size 30,714 SF
  • Units 2
  • Lot Size 2.33 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1984
  • Date Updated May 18, 2026

Description

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.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.

Highlights

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

2 Spaces Available

Former Rite Aid Building - DEMISED SPACE

Space Type

Strip

Lease Rate

Contact for pricing

Total Space

7,938 SF

Divisible Space

7,938 - 7,938 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

For tenants seeking a smaller footprint, approximately 7,938± SF of the former Rite Aid Building is available as a demised retail suite. This space offers excellent visibility, flexible layout options, and shared access to ample parking. The suite benefits from prominent frontage, strong traffic counts, and convenient access, making it ideal for a variety of retail or entertainment uses. Contact Listing Brokers for Pricing.

FORMER RITE AID Retail Space

Space Type

Strip

Lease Rate

Contact for pricing

Total Space

30,715 SF

Divisible Space

5,000 - 30,715 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Discover an unparalleled leasing opportunity at this prime location in South Salem, next to ULTA Beauty, TRADER JOE'S and PETCO. This premier retail property offers an ideal space for businesses seeking a vibrant and accessible setting to thrive. With its modern design, versatile layout, and state-of-the-art amenities, the property provides the perfect canvas for vision. The space also offers a smaller demised option around 8,000 SF. Ample parking, high visibility, and easy access enhance the convenience for employees and visitors. Elevate your business at this top-tier leasing destination. Contact Listing Brokers for Pricing.

Contacts

Jerry Jones

Pikes Northwest

Location

Located at 4500 Commercial St SE, Salem, OR 97302, this property is part of the Morningside neighborhood and Eugene market.

  • 75/100 Very Walkable
  • 38/100 Some Transit
  • 71/100 Very Bikeable
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Contact Listing Broker
Jerry Jones

Pikes Northwest

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