Search
Waterfront Development Land Parcel
For Sale
$5,000,000

1990 Wallace Rd NW, Salem, OR 97304

Sale includes multiple Polk County tax IDs with paved access and existing wells and a barn.

Property SizeContact for details
Days on Market67

Property Features for 1990 Wallace Rd NW

General Information

Standard status Active
Property subtype Bare Land

Additional Details

Road Access Yes

Taxes and HOA fees

Annual Taxes $147
Listed By: Mendell Gosnell
Source: Centurion-res.idxbroker
Added: Jul 1 Changed: Aug 14 Last Checked: Sep 5 at 3:42AM

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 Mendell Gosnell

Investment Insights

Based on property information with market context.

This offering includes several parcels identified by Polk County tax IDs 314820, 314846, and 354776, with additional parcel 314864 referenced in the drive layout. Marine drive is planned to split parcels 314820 and 314864, and the west sides of the parcels are noted as offering potential for multiple development uses. The east sides are outside the urban growth boundary and are described as partially in the flood plane.

Parcel 354776 includes paved access off Wallace Rd. Two existing wells and an existing barn are on the property. Marine drive is described as running from Harritt to Taybin Rd, with travel lanes, a sidewalk, and a 12' multi-use path on the east side. Connector streets listed include Harritt, Beckett, and 5th Ave.

Key Highlights

  • Sale includes Polk County tax IDs 314820, 314846, and 354776
  • Parcel 354776 has paved access off Wallace Rd
  • Property has two existing wells and an existing barn

Property Analytics

Current Use

Waterfront Land

Suggested Use

Top Pick Hair Salon HVAC Service Law Firm Nail Salon Pharmacy Bakery

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

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

114
Businesses Nearby

Demographics for 97304, OR

34,102
Population
14,547
Households
2.3
Avg Household Size
40
Median Age
39%
College-Educated
93%
High-School Grad
56.8 sq mi
ZIP Area
600
Density / Sq Mi
$91,731
Median Household Income
$53,370
Median Earnings
$1,441
Median Rent
$469,500
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Waterfront Land - Sale includes multiple Polk County tax IDs with paved access and existing wells and a barn.
Where is this waterfront land located?
The property is located at 1990 Wallace Rd NW Salem, OR.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Sale includes Polk County tax IDs 314820, 314846, and 354776; Parcel 354776 has paved access off Wallace Rd; Property has two existing wells and an existing barn
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message