5465 Turner Rd SE - 390 Acres in City of Salem
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5465 Turner Rd SE - 390 Acres in City of Salem
390 Acres of Residential Land Offered at $25,000,000 in Salem, OR 97317
Investment Highlights
- In-Place Income of $18,077/Mo
- Joint Venture Partnership Opportunities
- Proposed 80 Acre Park with 1.25 Miles of Mill Creek Access
- Flexible Options
- Zone Change Completed
- Nature Trails and Recreational Opportunities
Executive Summary
Prime Development Opportunity inside the City of Salem limits. Discover a rare opportunity with this expansive 390-acre property, the last and largest of its kind within the City boundaries, now available for $25,000,000. 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. One of the best features of the site is one that can't be seen - the residential areas at the southern end of the property are within the Cascade School District, a highly sought after district within the Willamette Valley. 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.
Property Facts
| Price | $25,000,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 390.00 AC |
| Price | $25,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 390.00 AC |
1 Lot Available
Lot
| Price | $25,000,000 | Lot Size | 390.00 AC |
| Price Per AC | $64,103 |
| Price | $25,000,000 |
| Price Per AC | $64,103 |
| Lot Size | 390.00 AC |
390-Acre Property. Zoned IG, IC, RES, and MU-III.
Description
Situated 1.1 Miles from Interstate 5, and 1.9 Miles from Highway 22. In City of Salem Limits.
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PROPERTY TAXES
| Parcel Number | 327913 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $11,081,720 |
PROPERTY TAXES
Parcel Number
327913
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$11,081,720
zoning
| Zoning Code | IG, IC, RES, & MU-III |
| IG, IC, RES, & MU-III |
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5465 Turner Rd SE - 390 Acres in City of Salem
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