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2540 Michigan City Rd NW - Residential Development Opportunity 4.80 AC
4.8 Acres of Residential Land Offered at $1,460,000 in Salem, OR 97304
INVESTMENT HIGHLIGHTS
- Inside the UGB Boundary for the City of Salem
- Prime Residential Opportunity
- Please do not disturb owners
- Designated Developing Residential (DR) in the Salem Area Comp Plan
- Flat Topography
- Call listing broker to schedule showings
PROPERTY FACTS
| Price | $1,460,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 4.80 AC |
| Price | $1,460,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 4.80 AC |
1 LOT AVAILABLE
Lot
| Price | $1,460,000 | Lot Size | 4.80 AC |
| Price Per AC | $304,166.67 |
| Price | $1,460,000 |
| Price Per AC | $304,166.67 |
| Lot Size | 4.80 AC |
The sale consists of an assemblage of two tax lots
DESCRIPTION
The properties are located in West Salem and within the Urban Growth Boundary for the City of Salem. West Salem is the only part of the city located in Polk County. The neighborhood is separated from the rest of Salem by the Willamette River, which serves as West Salem's southeast border. The business districts of West Salem are located on Edgewater Street and Wallace Road. The sale consists of an assemblage of two separate tax lots; one is currently in Farm Deferral, an approximately 2873/SF single-family residence with 4/bd and 2.5/baths, and one shop approximately 1920/SF, and one barn. Adjacent to the newly completed Misty Meadows residential development community.
ZONING
| Zoning Code | SR |
| SR |
Presented by
2540 Michigan City Rd NW - Residential Development Opportunity 4.80 AC
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