REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Listed by ALEX RHOTEN • COLDWELL BNKR/COMMERCIAL DIV • Agent: 503-587-4777

$ 365,000

Est. payment -/mo

Save

Active

3005 Portland Rd Salem, OR 97301

0.53 Acres Lot

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Commercial Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 832067

Lot Size 0.530 Acres

Acres 0.53

Property Sub-Type Commercial Land

Property Description

Consisting of five tax lots totaling approximately .53 acres, is ideally situated near I5and boasts urban renewal incentives. With its advantageous location and IC zoningwith Portland/Fairgrounds Overlay, this offering holds immense potential fordevelopment.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 $300,000reimbursed. Buyer to confirm terms and stipulations with the city. 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.

Location

State OR

County Marion

Area 20 Central Salem

NEARBY SCHOOLS & PROPERTIES

Jared Hambrook

Principal Broker | License ID: 201211534

+1(503) 930-2124

3005 Portland Rd Salem, OR 97301

Key Details

Location

NEARBY SCHOOLS & PROPERTIES

GET MORE INFORMATION

Go tour this home

3005 Portland Rd