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    3741 Langley St Salem, OR 97317

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    For Sale
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    Prime Salem industrial land, I-5 access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 47.66-acre industrial land parcel presents a rare development opportunity in Salem, Oregon. Located at 3741 Langley Street SE, in Marion County, zip code 97317 (44.876454, -122.985571), this site boasts a flat topography ideal for large-scale development. Its location within Salem's Urban Growth Boundary (UGB) and proximity to Interstate 5 provides unparalleled accessibility and visibility. The property is zoned for industrial use and is eligible for annexation, offering flexibility in development options. A buyer or annexing party can choose between "Industrial Park" and "General Industrial" designations, with the annexation process anticipated to take approximately six months. Permitted uses include warehouse and distribution, manufacturing, and laboratory/R&D facilities, among others. Years of prior agricultural use contribute to favorable development characteristics. Multiple access points enhance logistical efficiency. This is one of Salem's last remaining large industrial sites, making it a truly unique investment opportunity. The site benefits from nearby development projects that are improving the surrounding infrastructure. This property offers significant potential for an industrial campus, speculative development, or a corporate headquarters location.

    Property Features for 3741 Langley St

    General Information

    Property type
    Land
    Lot Size
    2,076,070 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Building Supply Wholesale Shop Auto Repair Shop Clothing Store Gym & Fitness Auto Parts Store Department Store Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -122.985571
    Latitude
    44.876454

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    FAQs

    What type of property is this?
    Land - Prime Salem industrial land, I-5 access.
    Where is this land located?
    The property is located at 3741 Langley St Salem, OR.
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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
    3741 Langley St Salem, OR 97317
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