Listed by Tradition Real Estate Partners
$6,800,000
Lot 2 - Turner Rd Development
Details
Property Type Land
Sub Type Commercial
Acreage 72.000
Zoning MU-II
Land | 72 acres
Marketing description
Prime development opportunity inside the city of salem limits. Discover a rare opportunity within this expansive 390-acre property, the last and largest of its kind within the city boundaries. The site is situated just 7 miles southeast of downtown salem, and shows off with a unique blend of rural tranquility, impressive natural features, and suburban convenience. The property is neighbors to turner lake and corban university with easy access to major amenities including an airport and big box retail. Seize the chance to shape the future of this evolving rural-suburban area. Whether you're looking to invest in a premier development project or seeking a strategic partnership, this property promises unparalleled potential.
This property offers flexible MU-II zoning with several structures including the historic Mill Creek Prison facility, barns, warehouses, and residential structures.
The MU-II (Mixed Use-II) zoning in Salem, Oregon, is a versatile designation tailored for dynamic, pedestrian-oriented developments that blend residential, commercial, and office spaces seamlessly. Perfect for forward-thinking investors and developers, this zone encourages vibrant, walkable neighborhoods where people can live, work, and shop in close proximity, enhancing community vitality and economic growth. Key highlights include flexible allowances for multi-family housing, retail outlets, professional offices, and service-based businesses, all within structures that promote urban density and street-level engagement. Development standards create inviting streetscapes, generous building heights for multi-story projects, and adaptable lot coverage options that maximize site potential while supporting sustainable design. Situated in strategic corridors throughout Salem, MU-II properties offer high visibility, excellent accessibility, and the potential for high-return mixed-use projects that capitalize on the city's expanding market—ideal for transforming underutilized lots into thriving hubs of activity.
Investment highlights
- 72 acres
- 38.57 useable acres
- MU-II zoning
- Topography and boundary surveys, tree survey, traffic study -completed
- Comprehensive plan and zone change - completed
- 22,282sf prison
- 15,212sf outbuildings
- 10,608sf warehouse
- Buyer incentives available with 100% seller financing
Listing Contacts
Listed by Tradition Real Estate Partners
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