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3005 Portland Rd NE

$365,000

3005 Portland Rd NE, Salem, OR 97301

Active
Last Updated: 07/31/2025

0.53 acres

Lot Area

832067

MlsNumber

Details:
Lot Area:    0.53 acres
MlsNumber:    832067
Highlights:
  • Lot Size: 1/2 - 1 Acre
Description:

Nearby, you'll find the Oregon State Capitol, Salem Convention Center, and Riverfront
Park, providing prime access to government, business, and recreational facilities. The
area also benefits from the North Gateway Grant Program, offering financial incentives
for property improvements and business development. Enjoy a variety of dining
options, local shops, and easy access to major transportation routes, including the I-5,
just a short distance away.

Consisting of five tax lots totaling approximately .53 acres, is ideally situated near I5
and boasts urban renewal incentives. With its advantageous location and IC zoning
with Portland/Fairgrounds Overlay, this offering holds immense potential for
development.
Urban Renewal allows for a 1:1 match of applicable expenses (see link for details).
Example: $600,000 is spent on applicable costs, Buyer can get up to $300,000
reimbursed. Buyer to confirm terms and stipulations with the city.

Map:
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