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    102 Turner Rd Salem, OR 97302

    Sponsored
    For Sale
    $3,825,000

    6.27 Acres, Prime Location, $3.825M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6.27-acre commercial and industrial development site in Salem, Oregon, presents a compelling investment opportunity. Located at Lot 102 Turner Rd SE, 97302, this property boasts a highly desirable location, situated just one mile from Interstate 5 and a half-mile from the Mill Creek Corporate Center. The site benefits from its placement within Salem's Enterprise Zone and is zoned IC, permitting a wide range of uses including warehousing, wholesale commercial sales, and various services. Engineered to be outside the floodplain using engineered fill, this parcel offers significant development advantages. Its strategic position at the signaled intersection of Kuebler Blvd and Turner Rd SE provides exceptional visibility and high traffic volume, with 18,250 vehicles passing daily. Convenient access to public transportation is also available via Cherriots Route 30X. The asking price for this ready-to-develop land is $3,825,000. This property represents a rare chance to acquire a well-situated, large-scale development site in a thriving Oregon market.

    Property Features for 102 Turner Rd

    General Information

    Property type
    Land
    Lot Size
    273,121 SF

    HighLights

    • 6.27‑acre commercial and industrial development site in Salem, OR.
    • Zoned IC, allowing for warehousing, wholesale, and various services.
    • Asking price: $3,825,000.
    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 Hair Salon Auto Repair Shop 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
    -122.98052461923
    Latitude
    44.885785132411

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    FAQs

    What type of property is this?
    Land - 6.27 Acres, Prime Location, $3.825M
    Where is this land located?
    The property is located at 102 Turner Rd Salem, OR.
    What is the asking price?
    The asking price for this property is $3,825,000.
    What are key features of this property?
    This property features: 6.27-acre commercial and industrial development site in Salem, OR.; Zoned IC, allowing for warehousing, wholesale, and various services.; Asking price: $3,825,000.
    Request Owner's contact information
    102 Turner Rd Salem, OR 97302
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    Salem, OR 97302
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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
    102 Turner Rd Salem, OR 97302
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