$ 1,100,000
370 Veall LN NW Salem, OR 97304
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Listed by Real Broker
$ 1,100,000
Est. payment | /mo
7,350 SqFt
$ 1,100,000
Est. payment | /mo
7,350 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,350 sqft
Price per Sqft $149
MLS Listing ID 23136436
Year Built 1916
Annual Tax Amount $7,682
Tax Year 2022
Lot Size 1.250 Acres
Property Description
Prime redevelopment opportunity in West Salem! Potential for a variety of uses, including multi-family housing, apartments, office space, retail shops, cafes & restaurants. Five contiguous parcels totaling around 1.25 acres (including the current alley). Located within the West Salem Central Business is already zoned for commercial & mixed-use developments. Existing structures (residential homes, a pole building & a mini storage business) could either be leveraged in the redevelopment plans or potentially cleared for a fresh start. Current rents being below market value indicates a potential for increased revenue.
Location
State OR
County Polk
Area _168
Zoning IP
Interior
Heating Other
Exterior
Garage No
Building
Sewer Public Sewer
Water Public Water
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
GET MORE INFORMATION
Victoria Wriglesworth
REALTOR®
victoria@nwhomesbyvictoria.com
9200 SE Sunnybrook Blvd Ste 150, Clackamas, OR, 97015