Listed by Capacity Commercial Group
$8,000,000
Salem Waterfront Development Land
Details
Property Type Retail, Multifamily
Sub Type Residential, Commercial
Acreage 53.100
Zoning CG
Ground Lease No
FOR SALE | 53.1 AC Waterfront Development Land in Salem
Marketing description
10 Tax Lots for a total of 53.1 AC in Salem
CG Zoning | Along Hwy 22
Sale Price: $8,000,000
Total Site Area: 53.1 AC
Developable: ± 33.0 AC est.
Undevelopable: ± 20.1 AC est.
Zoning: CG – Commercial General
(with multifamily as conditional use)
Investment highlights
- Zoning: CG – Commercial General (with multifamily allowed over retail)
- Estimated 33 acres developable (to be verified with new cut / fill requirements)
- Irreplaceable location with ~2,400 linear feet along Willamette River
- 2021 Appraisal for $13,240,000
Listing Contacts
Listed by Capacity Commercial Group
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
Zoning
PA SpecialPublic Amusement
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 90 uses
View all 90 uses Last updated May 9, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
