Madras - Corner of SE Madras and SE Commercial St 1.21 Acres of Commercial Land Offered at $1,115,000 in Salem, OR 97306
INVESTMENT HIGHLIGHTS
- High Traffic Counts
- Traffic Light at Intersection
- Close to I-5 South
EXECUTIVE SUMMARY
multifamily housing. The site is part of the South Gate Overlay
Zone.
PROPERTY FACTS
| Price | $1,115,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 1.21 AC |
| Cross Streets | Commercial |
| Zoning | MU-1 - (Mixed Use -1) South Salem is being redeveloped with new businesses and more multifamily housing. The site is part of the South Gate Overlay Zone. |
1 LOT AVAILABLE
Lot
| Price | $1,115,000 |
| Price Per AC | $921,487.60 |
| Lot Size | 1.21 AC |
Sought after 1.21 gross acres on the corner of Madras and Commercial St SE - high visibility near a signalized intersection.Site has a SW slope and contains fill from the adjacent site, the Buyer to complete due diligence.
DESCRIPTION
Sought after 1.21 gross acres on the corner of Madras and Commercial St SE - high visibility near a signalized intersection. Site has a SW slope and contains fill from the adjacent site, the Buyer to complete due diligence on the use or removal of fill. The site has a 30 Ft wide access easement along the west side of the property line (approximately 8,218 +/- SF) + green space between the road and the property line (approximately 12 Ft wide / 2650 +/- SF). Net usable size is estimated at 41,839.23 SF - Buyer to independently verify and complete Buyers own due diligence. LOCATION DESCRIPTION South Salem is being redeveloped with new businesses and more multifamily housing. The site is part of the South Gate Overlay Zone. Located on the corner of SE Madras St and SE Commercial St, this piece of bare land property is less than a mile to I-5 S and less than 3 miles to I-5 N. The property has a traffic light at the intersection, providing easy access to Commercial Street.
