477 Madrona Ave Salem, OR 97302
- Land
Current Use by Public Records
- Land
Property Details for 477 Madrona Ave
- Property type
- Land
Description
This exceptional 30,000 square foot commercial land parcel presents a unique investment opportunity in Salem, Oregon. Strategically located at 477 Madrona Ave SE, this property boasts prime visibility and accessibility, situated directly across from a major Fred Meyer store. The lot offers significant frontage on Madrona Avenue, ensuring high traffic exposure for any future development. The asking price is $700,000, translating to a land value of $23.33 per square foot. Adding to its appeal, the property includes an additional 5,000 square foot access easement, bringing the total usable area to 35,000 square feet. This expansive space provides ample room for a variety of commercial ventures. The property's location at the corner of Commercial Street SE and Madrona Avenue places it in a high-traffic area with excellent visibility and accessibility. Its proximity to a major retailer like Fred Meyer guarantees consistent foot traffic and strong consumer presence. This is a rare opportunity to acquire a well-positioned commercial land parcel in a thriving Oregon market. The property is zoned for commercial use (verification required by buyer) and is ready for immediate development. Don't miss this chance to capitalize on this exceptional investment opportunity in Salem, Oregon. The property is located in Marion County, Oregon, with a zip code of 97302.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Marion
- State
- Oregon
- Longitude
- -123.044
- Latitude
- 44.905
