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9.8 Acres Industrial General Land
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1890 16th St SE, Salem, OR 97302

Two tax lots totaling 9.8 acres zoned Industrial General.

Property SizeContact for details
Lot Size9.80 Acres
Days on Market764

Property Features for 1890 16th St SE

General Information

Standard status Active
Lot size 9.80 Acres
Property subtype Land
Zoning IG
Listing Agency: Hancock Real Estate
Listed By: Terry Hancock · License #OR 200110013
Source: Crexi
Added: Aug 8, 2024 Changed: Aug 25 Last Checked: Sep 9 at 5:45AM

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 Hancock Real Estate

Investment Insights

Based on property information with market context.

This property, locally known as Walling Pond, comprises two tax lots totaling 9.8 acres. It is zoned Industrial General and situated within the McGilchrist industrial corridor, just off the intersection of McGilchrist St SE and 16th St SE. The list price is set at the tax assessed value, anticipating a future change of use from its existing recreational quarry pond.

Key Highlights

  • 9.8 acres of land, ideal for industrial development.
  • Zoned Industrial General, offering versatile usage options.
  • Located within the McGilchrist industrial corridor.

Property Analytics

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Open Analytics

Current Use

Republic Services Waste Management Facility

Suggested Use

Top Pick Restaurant Hair Salon Pharmacy Storage Facility Grocery & Convenience Store Nail Salon

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

1,278
Businesses Nearby

Demographics for 97302, OR

39,776
Population
17,888
Households
2.2
Avg Household Size
41
Median Age
43%
College-Educated
95%
High-School Grad
23.5 sq mi
ZIP Area
1,693
Density / Sq Mi
$83,697
Median Household Income
$44,623
Median Earnings
$1,230
Median Rent
$415,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Industrial land - Two tax lots totaling 9.8 acres zoned Industrial General.
Where is this industrial land located?
The property is located at 1890 16th St SE Salem, OR.
What is the asking price?
The asking price for this property is $408,290.
What are key features of this property?
This property features: 9.8 acres of land, ideal for industrial development.; Zoned Industrial General, offering versatile usage options.; Located within the McGilchrist industrial corridor.
(503) 371-1234 Call to check price and availability
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