Contacts
Jennifer Martin
First Commercial Real Estate
Property Details
- Property Type VacantLand
- Property Size 230,432.4 SF
- Lot Size 5.29 Acre
- Additional Rent Contact for pricing
- Building Class C
- Date Updated Oct 25, 2024
This flat, rectangular site is primed for redevelopment under the current MU-III zoning which encourages infill development and redevelopment in mixed-use corridors and promotes pedestrian access. This zone generally allows a variety of retail and office uses, commercial services, and multiple family residential uses.
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.
This property is located within the West Salem Urban Renewal Area which provides opportunity to leverage city grant funds to enhance project viability. Current maximum grant amount is $300,000 but the urban renewal agency will consider exceptions to that limit on a case by case basis depending on need and impact of the project to the community.
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Getting around
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66/100
Walk Score ®
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46/100
Transit Score ®
-
72/100
Bike Score ®
Location
- City Salem, OR
- Neighborhood West Salem
- Zip Code 97304
- Market Eugene
Points of Interest
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Salem
1.42 miles
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Brooks Historical Society Depot
8.17 miles
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Hopmere Station
8.26 miles
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Pacific Pride
0.10 miles
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Circle K
0.11 miles
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Space Age
0.34 miles
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Blink
0.46 miles
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Arco Gas Station
0.92 miles
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ChargePoint
1.06 miles
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76
1.46 miles
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Arco
1.66 miles
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Shell
1.67 miles
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Chevron
1.87 miles
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Riverfront Park (North Lot)
0.44 miles
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Riverfront Park (South Lot)
0.54 miles
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Chemeketa Parkade
0.60 miles
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Liberty Square Parkade
0.69 miles
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Marion Parkade
0.72 miles
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Pringle Parkade
0.82 miles
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Salem Library Parkade
0.88 miles
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Reserved Lot A
1.01 miles
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M Lot
1.06 miles
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Green Lot - Dept of Admin Services
1.06 miles
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Holman Riverfront Park Hotel Salem, Tapestry Collection by Hilton
0.60 miles
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Grand Hotel
0.69 miles
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Knights Inn
1.55 miles
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Howard Johnson by Wyndham Salem
2.23 miles
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Motel 6
2.57 miles
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Traveler's Inn
2.60 miles
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Shilo Inn and Suites
2.75 miles
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Holiday Inn
2.77 miles
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Motel 6 Salem
2.82 miles
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Holiday Lodge Motel
2.88 miles
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Roth's
0.35 miles
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Reed Opera House
0.65 miles
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Ross
0.68 miles
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Salem Center (South)
0.70 miles
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Salem Center (North)
0.71 miles
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Grocery Outlet
0.72 miles
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Kohl's
0.73 miles
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Safeway
0.77 miles
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Macy's
0.78 miles
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Pringle Park Plaza
0.82 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Jennifer Martin
First Commercial Real Estate
