370 Veall LN NW Active Save Request In-Person Tour Request Virtual Tour
Salem,OR 97304
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