Listing Agency: Macadam Forbes c***@macadamforbes.com Show Phone

Listed By: Stu Peterson Show Phone

Source: Moodyscre

Added: Feb 14, 2023 Changed: Aug 8 Last Checked: Aug 19 at 6:54AM

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Investment Insights

Based on property information with market context.

A large industrial land site is available for sale. The property's flat topography and history of farming may offer favorable development characteristics. It is located within the City of Salem's comprehensive plan as "Industrial" and is eligible for annexation. A buyer or annexing-party can choose between the "Industrial Park" designation and the "General Industrial" designation; the process is expected to last 6 months. Outright permitted uses include Warehouse & Distribution, Manufacturing, and Laboratory R&D.

Key Highlights

• Large industrial land site with scarce comparable size and I‑5 proximity.
• Favorable development characteristics due to flat topography and prior farming use.
• Located within the City of Salem's comprehensive plan as "Industrial" and eligible for annexation.

Property Analytics

Property Profile

Current Use

Industrial land

Suggested Use

Top Pick Law Firm Big Box & Wholesale Store HVAC Service Auto Parts Store Electrical Service Gym & Fitness Center

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

105

Businesses Nearby

Explore this area Business Placement

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

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Frequently Asked Questions

What type of property is this?

Land - Large industrial land site with I-5 proximity in Salem, Oregon.

Where is this land located?

The property is located at 3741 Langley St SE Salem, OR.

What are key features of this property?

This property features: Large industrial land site with scarce comparable size and I‑5 proximity.; Favorable development characteristics due to flat topography and prior farming use.; Located within the City of Salem's comprehensive plan as "Industrial" and eligible for annexation.