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

$2,250,000 USD

Land For Sale  •  5.3 AC

Property Details

  • Property Type Land
  • Lot Size 5.3 AC
  • Zoning MU-III
49 Transit Score
68 Walk Score

Description

With approximately $1,000,000 in SDC Credits available, 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.

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.

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Salem (Amtrak Cascades - Amtrak, Coast Starlight - Amtrak) 5 min - 2.0 mi
Jennifer Martin 503-851-9428 First Commercial Real Estate
Jennifer Martin 503-851-9428 First Commercial Real Estate