South Salem Development Land
$2,500,000
5683 Commercial St SE, Salem, OR 97306
2.33 acres
Lot Area
Details:
Description:
Positioned on South Salem’s primary retail arterial, this site offers exceptional frontage on Commercial Street, outstanding visibility, and quick access to Interstate 5. Commercial Street is a high-volume corridor, with nearby retailers including Walmart, Costco, WinCo Foods, Safeway, Trader Joe’s, among others.
South Salem continues to see strong, sustained growth, with new homes and apartments expanding the customer base. Household incomes in South Salem are well above the Salem median.
The sale is contingent upon the sellers’ completion of the Property Line Adjustment, which is in process.
Prime opportunity to acquire a highly visible development site on Commercial Street in South Salem. Zoned MU-III, the property offers flexibility for a wide range of uses, including retail, restaurant, office, personal services, outpatient medical, day care, and multifamily housing.
This MU-III zoned site offers flexibility for a wide range of uses, including retail, restaurant, office, personal services, outpatient medical, day care, multifamily housing, and gas stations, with drive-thru permitted and car washes allowed conditionally. Buyer is responsible for completing all due diligence
Listing ID: c9501d39-e278-4668-a437-639a4f94b269
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