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    36Th Ave Salem, OR 97317

    Sponsored
    For Sale
    $5,307,459

    21 Acres, Prime Location, Investment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional opportunity to acquire 21.19 acres of industrial land in Salem, Oregon. This property, located at the intersection of Kuebler Blvd SE and 36th Ave SE (APN 529471 & 529472), offers significant potential for development. The land is comprised of two parcels: a 10.94-acre north parcel (City of Salem limits, IC - Industrial Commercial zoning) and a 10.25-acre south parcel (unincorporated Marion County, IG - Industrial General zoning). Both parcels currently benefit from forest deferral, offering tax advantages. The asking price is $5,307,459, translating to a land value of $5.75 per square foot. The property boasts a flat topography and enjoys excellent visibility from Kuebler Blvd SE. Its strategic location provides convenient access to Interstate 5, placing it within minutes of major transportation arteries. The surrounding area is experiencing significant growth, with numerous new and planned developments, further enhancing the property's value and potential. This is a rare opportunity for developers and investors seeking a substantial land holding in a thriving industrial sector. The property's zoning allows for a wide range of industrial uses, making it an attractive investment for various projects. This prime location and favorable zoning make this a highly desirable property for immediate development or future investment.

    Property Features for 0 36Th Ave

    General Information

    Property type
    Land
    Lot Size
    923,036 SF

    HighLights

    • Excellent I‑5 freeway access.
    • Level lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -122.8989892
    Latitude
    44.9018063

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    FAQs

    What type of property is this?
    Land - 21 Acres, Prime Location, Investment Opportunity
    Where is this land located?
    The property is located at 36Th Ave Salem, OR.
    What is the asking price?
    The asking price for this property is $5,307,459.
    What are key features of this property?
    This property features: Excellent I-5 freeway access.; Level lot.;
    (971) 273-7670
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    36Th Ave Salem, OR 97317
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    Salem, OR 97317
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    36Th Ave Salem, OR 97317
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