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3005 Portland Rd NE Salem, OR 97301

For Sale
$365,000

Land near I5 with urban renewal incentives.

Property size:
53 SF
Lot size:
0.53 Acres

Property Features for 3005 Portland Rd NE

General Information

Size
53 SF
Lot size
0.53 Acres

Source: Alex Rhoten Agent Alex Rhoten

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Prime Land Near I5

This property consists of five tax lots totaling approximately 0.53 acres. It is ideally situated near I5 and boasts urban renewal incentives. The property has IC zoning with Portland/Fairgrounds Overlay, and holds potential for development. Urban Renewal allows for a 1:1 match of applicable expenses. For example, if $600,000 is spent on applicable costs, the buyer can get up to $300,000 reimbursed. Buyer to confirm terms and stipulations with the city.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

Location Insight

  • Map
  • Local Demand
City
Salem
County
Marion
State
Oregon
Longitude
-123.0103561
Latitude
44.9658277

FAQs

What type of property is this?
Land - Land near I5 with urban renewal incentives.
Where is this land located?
The property is located at 3005 Portland Rd NE Salem, OR.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: - Prime location near I5, offering excellent accessibility.; - IC zoning with Portland/Fairgrounds Overlay, suitable for development.; - Significant urban renewal incentives available (1:1 match of applicable expenses).
More about this property
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