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    3515 Brooks Ave Salem, OR 97301

    For Sale
    $139,900

    COMMERCIAL - Salem, OR

    Lot size:
    0.13 Acres
    Days on Market:
    98
    Last Refresh:
    Dec 14 at 11:06 am

    Property Features for 3515 Brooks Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    IG
    APN
    576701
    Lot size
    0.13 Acres

    HomeSmart Realty Group (971) 599-5865 [email protected]

    Listing agent Brian McVay (971) 599-5865

    Listing date Sep 8, 2025

    MLS# 191865868 Listing URL

    Copyright © 2025 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.

    Overview

    Commercial Land Near I-5

    This property consists of two flat, usable lots zoned IG (General Industrial). The site benefits from convenient access to Martin Luther King Jr Boulevard and Interstate 5. Water and sewer connections are available to the front lot. The previous home has been removed, preparing the site for development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0133
    Latitude
    44.97692

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    FAQs

    What type of property is this?
    Land - Two flat, usable lots with utilities and easy highway access.
    Where is this land located?
    The property is located at 3515 Brooks Ave Salem, OR.
    What is the asking price?
    The asking price for this property is $139,900.
    What are key features of this property?
    This property features: - IG (Industrial General) zoning offers versatile usage possibilities.; - Easy access to Martin Luther King Jr BLVD and I-5 highway.; - Two flat, usable lots provide ample space for development.
    (971) 599-5865
    Request Owner's contact information
    3515 Brooks Ave Salem, OR 97301
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    Salem, OR 97301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3515 Brooks Ave Salem, OR 97301
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