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4540 Pringle Rd SE Salem, OR 97302

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For Sale
$4,260,000

24 acres of prime residential development land in South Salem.

Lot size:
24.00 Acres

Property Features for 4540 Pringle Rd SE

General Information

Lot size
24.00 Acres

Source: Capacity Commercial Group, LLC Agent Nicholas Diamond

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


Overview

Residential Development Land in Salem

This is approximately 24 acres of residential development land. The total site encompasses 29.68 acres, with the ownership retaining approximately 5.5 acres for a homestead. A conceptual plan exists for 127 lots. The site offers an opportunity for planned unit development. City infrastructure, including water, sewer, and electric, is accessible. The RA (residential agriculture) zoning allows for the development of single-family detached dwellings, including manufactured dwellings subject to approval, townhome development of no more than 3 units each on a separate platted lot, and senior facilities under conditional approval. The minimum lot size requirement for single-family lots is 4,000 square feet. The median home sale price within 1.5 miles for properties constructed in 2017 or later on 3,000 to 7,000 square foot lots is over $420,000.
Location Intelligence

Current Use by Public Records

Glass Barn Greenhouse

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
-123.0284499
Latitude
44.8905959

FAQs

What type of property is this?
Land - 24 acres of prime residential development land in South Salem.
Where is this land located?
The property is located at 4540 Pringle Rd SE Salem, OR.
What is the asking price?
The asking price for this property is $4,260,000.
What are key features of this property?
This property features: - Prime residential development land: Approximately 24 acres in South Salem.; - Development opportunity: Conceptual plan for 127 lots.; - Access to city infrastructure: Water, sewer, electric, etc.
More about this property
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