Investment Overview

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. 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.