Listed by Commercial Integrity, NW
$475,000
Mixed-Use Salem Development Land
Details
APN 587783, 587827
Property Type Land
Sub Type Commercial
Lot Size (SqFt) 19,889
Zoning Mixed Use-I (MU-I)
Parking Spaces 59 spaces
Two parcels adjacent to downtown Salem, covered-land play with existing income in-place.
Marketing description
Prime investment/development opportunity at $25/SF, well supported by Salem land sale comparables.
Two sites offer developers an ideal opportunity offering a range of develpment options including multifamily, retail, and office, incentivizing mixed-use and walkability.
Currently improved with two flat, paved parking lots.
Well-located sites in the heart of downtown Salem.
MU-I Zoning: The purpose of the Mixed Use-I zone is to promote pedestrian oriented development in vibrant, mixed-use districts, encouraging a mix of compatible uses in multi-story buildings, and emphasize active commercial uses on the ground floors facing major arterials.
More detailed development standards noted in attached OM.
Listing Contacts
Listed by Commercial Integrity, NW
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
