RM2-Zoned Commercial
For Sale
Contact for pricing
2903 Center St NE, Salem, OR 97301
Redevelopment site along the Center St corridor with access to I-5 and proximity to downtown Salem.
Property SizeContact for details
Days on Market143
Property Features for 2903 Center St NE
General Information
Standard status
Active
Property subtype
Land, Mixed Use, Retail, Special Purpose
Listing Agency:
SMI Real Estate
(541) 646-0650
Listed By:
JORDAN SPARKS · License #200610098
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 10:59PM
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 SMI Real Estate
Investment Insights
Based on property information with market context.
This commercial land property is positioned along the Center St corridor in Salem, approximately 1 mile from downtown. The site is zoned RM2 and is presented for continued existing use or redevelopment. The current lessor and part owner plan to vacate before closing, supporting consideration for an owner-user strategy.
Access to I-5 is available through the Market St exit, while Lancaster Drive is approximately 1/4 mile east. The property sits across from the State Hospital and a new housing and apartment development. City of Salem traffic studies from 2022-23 estimate more than 19,500 cars pass the site daily. Buyer due diligence applies.
Access to I-5 is available through the Market St exit, while Lancaster Drive is approximately 1/4 mile east. The property sits across from the State Hospital and a new housing and apartment development. City of Salem traffic studies from 2022-23 estimate more than 19,500 cars pass the site daily. Buyer due diligence applies.
Key Highlights
- RM2 zoning supports the property’s identified land‑use framework
- Approximately 1 mile from downtown Salem along the Center St corridor
- I‑5 access via the Market St exit
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
710
Businesses Nearby
Explore this area
Business Placement
Demographics for 97301, OR
56,393
Population
21,419
Households
2.6
Avg Household Size
34
Median Age
18%
College-Educated
81%
High-School Grad
11.3 sq mi
ZIP Area
4,991
Density / Sq Mi
$57,497
Median Household Income
$33,220
Median Earnings
$1,197
Median Rent
$310,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Redevelopment site along the Center St corridor with access to I-5 and proximity to downtown Salem.
Where is this commercial land located?
The property is located at 2903 Center St NE Salem, OR.
What are key features of this property?
This property features: RM2 zoning supports the property’s identified land‑use framework; Approximately 1 mile from downtown Salem along the Center St corridor; I‑5 access via the Market St exit
