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    1940-2045 Hyacinth St Salem, OR 97301

    For Sale
    Contact for pricing

    Prime Salem acreage, I-5 access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Salem, Oregon property offers 3 to 14.97 acres of commercially and industrially zoned land, ideally situated off Interstate 5. Currently, 11.1 acres are under a pending sale to an owner-user, leaving the remaining acreage available for purchase in its entirety or divided into smaller parcels, with a minimum of 5 acres possible. The seller, an established industrial developer, is offering build-to-suit options, development services, and improved land sales. The property boasts a favorable zoning designation (Industrial Commercial - City of Salem) permitting a wide range of uses, including but not limited to motor vehicle and manufactured dwelling/trailer sales, motor vehicle services, commercial parking, heavy vehicle and trailer storage/sales, self-service storage, contractor's yards, multifamily residential, retail, hospitality/temporary commercial lodging, manufacturing, and warehouse/distribution. A billboard with existing income potential is also included, offering additional revenue streams for a buyer or tenant. The seller will complete necessary utility and roadway improvements as required by the City of Salem, streamlining the development process. Comprehensive infrastructure plans are available to qualified buyers upon request. A full due diligence package is available for prospective purchasers. This is a rare opportunity to acquire prime industrial land in a high-growth area with excellent highway access.

    Property Features for 1940-2045 Hyacinth St

    General Information

    Property type
    Land
    Lot Size
    130,680 SF

    HighLights

    • I‑5 frontage.
    • Billboard with existing income.
    • Divisible into parcels of 5 acres minimum.
    • Fully approved yard site.
    • Complete due diligence package available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.004938
    Latitude
    44.981264

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    FAQs

    What type of property is this?
    Land - Prime Salem acreage, I-5 access
    Where is this land located?
    The property is located at 1940-2045 Hyacinth St Salem, OR.
    What are key features of this property?
    This property features: I-5 frontage.; Billboard with existing income.; Divisible into parcels of 5 acres minimum.
    Request Owner's contact information
    1940-2045 Hyacinth St Salem, OR 97301
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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
    1940-2045 Hyacinth St Salem, OR 97301
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