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1750 Edgewater St NWSalem, OR 97304
Salem Waterfront Development Land
Asset ClassLand, Multifamily, Retail, Senior Housing
Deal Size$8 M
Land: 53.1 Acres# Sites: 10Access Data Room
Waterfront Development Land in Salem, OR
overview of deal

Overview

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
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1750 Edgewater St NWSalem, OR 97304

The Diamond Team

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