Listing Agency: COLDWELL BNKR/COMMERCIAL DIV

Listed By: DAVID SCHACHER · License #200809144 Show Phone

Source: Harcourtselite

Added: Nov 25, 2025 Changed: Sep 3 Last Checked: Sep 5 at 7:03AM

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Investment Insights

Based on property information with market context.

This land presents a development opportunity, comprising two lots with a total area of 1.93 acres. The western lot spans 1.5 acres, while the eastern lot covers 0.43 acres. The properties are zoned Multi-Family Residential 2.

Key Highlights

• 1.93 AC total land area for your development dreams
• Prime development opportunity awaits
• Zoned Multi‑Family Residential 2

Property Analytics

Property Profile

Current Use

Residential land & home ...

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Hair Salon HVAC Service 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

111

Businesses Nearby

Explore this area Business Placement

Demographics for 97317, OR

25,852

Population

9,024

Households

2.9

Avg Household Size

38

Median Age

22%

College-Educated

86%

High-School Grad

55.2 sq mi

ZIP Area

468

Density / Sq Mi

$81,208

Median Household Income

$39,794

Median Earnings

$1,370

Median Rent

$382,500

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this land located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Land - Two lots totaling 1.93 AC, zoned Multi-Family Residential.

Where is this land located?

The property is located at 4850 Macleay Rd Salem, OR.

What is the asking price?

The asking price for this property is $2,900,000.

What are key features of this property?

This property features: 1.93 AC total land area for your development dreams; Prime development opportunity awaits; Zoned Multi‑Family Residential 2