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 Nov 29, 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

66/100
Walk Score ®
46/100
Transit Score ®
72/100
Bike Score ®

Powered by Walk Score ®

Location

City Salem, OR
Neighborhood West Salem
Zip Code 97304
Market Eugene

Points of Interest

Salem

1.42 miles
Brooks Historical Society Depot

8.17 miles
Hopmere Station

8.26 miles

Pacific Pride

0.10 miles
Circle K

0.11 miles
Space Age

0.34 miles
Blink

0.46 miles
Arco Gas Station

0.92 miles
ChargePoint

1.06 miles
76

1.46 miles
Arco

1.66 miles
Shell

1.67 miles
Chevron

1.87 miles

Riverfront Park (North Lot)

0.44 miles
Riverfront Park (South Lot)

0.54 miles
Chemeketa Parkade

0.60 miles
Liberty Square Parkade

0.69 miles
Marion Parkade

0.72 miles
Pringle Parkade

0.82 miles
Salem Library Parkade

0.88 miles
Reserved Lot A

1.01 miles
M Lot

1.06 miles
Green Lot - Dept of Admin Services

1.06 miles

Holman Riverfront Park Hotel Salem, Tapestry Collection by Hilton

0.60 miles
Grand Hotel

0.69 miles
Knights Inn

1.55 miles
Howard Johnson by Wyndham Salem

2.23 miles
Motel 6

2.57 miles
Traveler's Inn

2.60 miles
Shilo Inn and Suites

2.75 miles
Holiday Inn

2.77 miles
Motel 6 Salem

2.82 miles
Holiday Lodge Motel

2.88 miles

Roth's

0.35 miles
Reed Opera House

0.65 miles
Ross

0.68 miles
Salem Center (South)

0.70 miles
Salem Center (North)

0.71 miles
Grocery Outlet

0.72 miles
Kohl's

0.73 miles
Safeway

0.77 miles
Macy's

0.78 miles
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.