Redevelopment Opportunity on River
3297 River Rd N, Salem, OR 97303
Commercial land for retail or office redevelopment with high traffic counts.
Type:Land
- Added:
- Jan 26, 2026
- Days on Market:
- 116
- Last Refresh:
- Apr 5 at 8:28 pm
Property Features for 3297 River Rd N
General Information
- Standard status
- Active
- Property subtype
- Land
Building Details
- Year Built
- 1939
Listing agent Toran Schmidgall License #201230204 (503) 363-0295
Listing office SVN Commercial Advisors | Salem (503) 363-0295
Listing date Jan 26, 2026
Source Corfac
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All listing content including descriptions, pricing, images are the copyrighted material of SVN Commercial Advisors | Salem
HighLights
- Prime redevelopment opportunity at a signalized intersection in a high‑traffic location.
- High daily traffic count (nearly 30,000 vehicles) on the "going to work" side of River Road.
- Excellent access to Salem Parkway and Interstate 5.
- Zoned Salem‑MU‑III, allowing for a wide range of commercial uses.
- Strategic location at the intersection of Salem and Keizer, close to major roadways.
- Easy access to both River Road/Commercial Street NE and Broadway St NE.
Overview
This property presents a redevelopment opportunity at a signalized intersection on the south end of River Road N, situated where Salem and Keizer meet, just blocks north of the Salem Parkway. The site, formerly home to a local upholstery business, is best suited for commercial retail or office redevelopment. Located on the west side of River Road, it benefits from high morning traffic counts as commuters travel from Keizer to Salem. The location provides convenient access to both River Road/Commercial Street NE into Salem and Broadway St NE to the Salem Parkway. Nearly 30,000 vehicles per day pass by this location. The area surrounding 3297 River Rd N is a vibrant and developing part of town, ideal for land or retail-pad investors. The property has easy access to Salem Parkway and Interstate 5. Nearby points of interest include the Willamette River, local shops and restaurants, and transportation hubs. The property is situated within a business-friendly municipality and is zoned Salem-MU-III, encompassing a plethora of uses.
Location Intelligence
Current Use by Public Records
A-1 Fritz & Son ...
Furniture & Home Goods
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Marion
- State
- Oregon
- Longitude
- -123.029
- Latitude
- 44.9737
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Commercial land for retail or office redevelopment with high traffic counts.
Where is this commercial land located?
The property is located at 3297 River Rd N Salem, OR.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Prime redevelopment opportunity at a signalized intersection in a high‑traffic location.; High daily traffic count (nearly 30,000 vehicles) on the "going to work" side of River Road.; Excellent access to Salem Parkway and Interstate 5.
