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Salem Land Development Opportunity

1990 Wallace Rd NW Salem, OR 97304

Claim this Listing
For Sale
$5,000,000

LAND - Salem, OR

Lot size:
12.36 Acres
Added:
Nov 9, 2023
Days on Market:
974
Last Refresh:
Jul 10 at 2:06 pm

Property Features for 1990 Wallace Rd NW

General Information

Property type
Land
Property subtype
Other
Zoning
SR/EFU
Standard status
Active
APN
314820,314846
Lot size
12.36 Acres

Taxes and HOA fees

Tax Description
731500 501
Tax Annual Amount
147

Utilities

Water front features
River Front
Water front
1

Listing agent Christine Folz License #201204657

Listing office Real Broker 2175 NW Raleigh Street, ste 110, Portland, OR

Listing date Nov 9, 2023

MLS# 23414635 Listing URL

Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This property presents a development opportunity in Salem, Oregon. The sale includes Polk County tax IDs 314820, 314846, and 354776. Marine Drive will divide parcels 314820 and 314864. The west sides of the parcels offer potential for multiple development uses. The east sides are outside the urban growth boundary and partially in the flood plane. Parcel 354776 features paved access off Wallace Road. The property includes two existing wells and an existing barn. The lot size is 12.36 acres and is zoned SR/EFU.

Key Highlights

  • Development opportunity with multiple tax IDs included.
  • River Front property.
  • Potential for multiple development uses on the west sides of parcels.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Land

Suggested Use

Hair Salon HVAC Service Law Firm Nail Salon Pharmacy Bakery Barber Shop (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Computer & Electronic Repair

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Land - Large land parcel in Salem, Oregon with development potential.
Where is this land located?
The property is located at 1990 Wallace Rd NW Salem, OR.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Development opportunity with multiple tax IDs included.; **River Front property.**; Potential for multiple development uses on the west sides of parcels.
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