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Agricultural Land Near Railroad
For Sale
$889,000

Lot 1 River Rd N, Salem, OR 97303

Farm acreage is divided into two tax lots with access to I-5 through River Rd.

Property SizeContact for details
Days on Market13

Property Features for Lot 1 River Rd N

General Information

Standard status Active
Property subtype Vacant Land
Listing Agency: HOMESMART REALTY GROUP
Listed By: COURTNEY CHANDLER
Source: Thesanchezteamoregon
Added: Aug 18 Changed: Aug 29 Last Checked: Aug 29 at 8:56PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HOMESMART REALTY GROUP

Investment Insights

Based on property information with market context.

The property includes 9.88 acres of agricultural land arranged as two separate tax lots. Located at Lot 1 River Rd N in Salem, the site has access to I-5 via River Rd and adjoins the Southern Pacific Railroad. A future rail spur has been identified as a possibility, subject to buyer verification and due diligence. Potential applications identified for the property include agricultural processing, storage, distribution, and related business activities. Buyers should independently confirm approved uses and development requirements.

Key Highlights

  • 9.88 acres of agricultural land
  • Two separate tax lots
  • Access to I‑5 via River Rd

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Parts Store Restaurant Storage Facility Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

79
Businesses Nearby

Demographics for 97303, OR

41,441
Population
15,740
Households
2.6
Avg Household Size
38
Median Age
27%
College-Educated
90%
High-School Grad
24.9 sq mi
ZIP Area
1,664
Density / Sq Mi
$81,057
Median Household Income
$45,034
Median Earnings
$1,361
Median Rent
$396,700
Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Agricultural land / Farmland - Farm acreage is divided into two tax lots with access to I-5 through River Rd.
Where is this agricultural land / farmland located?
The property is located at Lot 1 River Rd N Salem, OR.
What is the asking price?
The asking price for this property is $889,000.
What are key features of this property?
This property features: 9.88 acres of agricultural land; Two separate tax lots; Access to I‑5 via River Rd
More about this property
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