Wallace Rd NW - Commercial LAND FOR SALE


Salem, OR 97304 397,267 SF
$2,250,000 USD
503-225-8456
Wallace Rd NW, Salem, OR for Sale
$2,250,000 USD
Commercial LAND - FOR SALE
1/36
397,267 SF

Wallace Rd NW
Salem, OR 97304


OVERVIEW

This offering presents a prime 1.82 and 7.30-acre parcel of Residential Medium Density (RM2) zoned land located in the rapidly growing West Salem neighborhood, directly adjacent to the highly anticipated Marine Drive corridor. With proximity to major transportation routes, expanding infrastructure, and a thriving local community, this site offers significant potential for multifamily development in one of the most promising areas of Salem, Oregon. West Salem is a key growth area within the broader Salem metro region. The city has seen consistent population growth, and as residential demand continues to increase, there is a recognized need for additional housing in the area. The planned improvements to Marine Drive will enhance accessibility, further positioning West Salem as a desirable location for residential development.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/ACRE

$246,711/AC

PRICE/SF

$6 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

9.12 Acres Wallace Rd. NW

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Apartment Units

LAND ACRES

9.12 AC

LAND SF

397,267 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

RM2

APN/PARCEL ID

565287,575144

ASK ABOUT THIS PROPERTY

Cameron MercerNorris & Stevens, Inc.More Info
503-225-8456

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Cameron MercerNorris & Stevens, Inc.More Info
503-225-8456

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