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    1684 Doaks Ferry Rd Salem, OR 97304

    Sponsored
    For Sale
    $4,950,000

    Prime Salem location, stunning views, high development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 11.82-acre property in Salem, Oregon, presents a compelling investment opportunity. Located at 1684 Doaks Ferry Rd NW, this land boasts high visibility on Doaks Ferry Road and is conveniently situated near major retailers including Roth's Fresh Markets, Walgreens, Starbucks, and Safeway, as well as the West Salem Clinic. The property is zoned RA and offers breathtaking mountain and city views, situated across from West Salem High School. Access to Salem and West Salem is effortless via Orchard Heights Road or Highway 22 via Doaks Ferry Road. The property comprises three parcels (APN #s: 569347, 314916, and 270650) and includes a currently proposed site plan encompassing approximately 4.65 acres with 29 approved lots, an additional approximately 4.09 acres requiring site plan approval, and approximately 0.95 acres designated for retention ponds. The recent passage of House Bill 2001 (Housing Choices) opens possibilities for duplexes and triplexes on the approved lots, subject to individual lot square footage. The remaining 4.09 acres could be subdivided into additional parcels or retained as a single parcel, potentially rezoned to a higher-density RM code. The seller's total acreage may differ from the county assessor's records. Buyers are responsible for conducting their own due diligence regarding zoning, site plans, and potential development options. This property is offered at $4,950,000. The information provided is subject to change.

    Property Features for 1684 Doaks Ferry Rd

    General Information

    Property type
    Land
    Lot Size
    514,879 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Spa & Massage Dental Office Hair Salon Building Supply Clothing Store Gym & Fitness Pharmacy Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Polk
    State
    Oregon
    Longitude
    -123.0795966
    Latitude
    44.9586704

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    FAQs

    What type of property is this?
    Land - Prime Salem location, stunning views, high development potential.
    Where is this land located?
    The property is located at 1684 Doaks Ferry Rd Salem, OR.
    What is the asking price?
    The asking price for this property is $4,950,000.
    (503) 587-4777
    Request Owner's contact information
    1684 Doaks Ferry Rd Salem, OR 97304
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    Salem, OR 97304
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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
    1684 Doaks Ferry Rd Salem, OR 97304
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