Property profile

0 Gaffin Rd Salem, OR 97317

OFF-MARKET
Land
2.99 ac lot
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Property summary

AI-generated overview

This exceptional 2.99-acre industrial land parcel presents a unique development opportunity in Salem, Oregon. Located at the corner of Gaffin Road SE and Gaia Street SE, this highly visible site boasts approximately 567 feet of frontage on Gaffin Road and 161 feet on Gaia Street. The property is situated within a burgeoning industrial park, benefiting from its proximity to major transportation arteries including Highway 22 and Interstate-5, ensuring easy access for distribution and logistics operations. The flat land is ideal for immediate development, and the site's strategic location offers significant advantages. Neighboring businesses include Amazon, Salem-Keizer Public Schools Transportation Yard, RV & Boat Storage, and Green Acres Nursery, highlighting the area's established industrial character. A wetlands fill permit is already in place, streamlining the development process. The property is subject to Covenants, Conditions, and Restrictions (CC&Rs) and an Improvement Agreement. Potential buyers should be aware that two reimbursement district fees are the responsibility of the purchaser. This is a rare opportunity to acquire a well-positioned industrial site in a thriving area of Salem, Oregon, within close proximity to the Amazon storage facility, making it particularly attractive for businesses in the distribution sector. The site's excellent visibility and convenient access make it an ideal location for a variety of industrial uses.

Property profile

Verified
Property type Land
Lot 2.99 ac (130,244 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Gaffin Rd Salem, OR 97317
Salem metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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