NWC OF WALLACE AND 2ND ST NW St - Commercial LAND FOR SALE


Salem, OR 97304 230,432 SF
$6,495,000 USD
503-559-2694
NWC OF WALLACE AND 2ND ST NW St, Salem, OR for Sale
$6,495,000 USD
Commercial LAND - FOR SALE
1/5
230,432 SF

NWC OF WALLACE AND 2ND ST NW St
Salem, OR 97304


OVERVIEW

With the city’s recent completion of 2nd Street connecting Wallace Road to the site’s southern boundary, including the completion of pedestrian connections and landscaping, this site is a blank slate waiting for a developer’s vision to be realized. The West Salem trade area is underserved for its growing population and sample site plans show numerous options for multi-family, retail, office and hospitality. With four universities within a 25-mile radius, and over 40,000 VPD in front of this site, it is ready for new life. Because this site contains space underground in an existing structure for an estimated 50 vehicles, there is more capacity for on-grade maximization.

FOR SALE DETAILS

PRICE

$6,495,000 USD

PRICE/ACRE

$1,227,790/AC

PRICE/SF

$28 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

MU Redevelopment Opportunity in West Salem OR

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Retail, Mixed Use, Multi-Family

LAND ACRES

5.29 AC

LAND SF

230,432 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Cable, Telephone

ZONING

MU-III

APN/PARCEL ID

259426

ASK ABOUT THIS PROPERTY

Jennifer MartinFirst Commercial Real EstateMore Info
503-559-2694

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Jennifer MartinFirst Commercial Real EstateMore Info
503-559-2694

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.