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    OFF-MARKET
    Land

    0 Gaffin Rd, Salem, OR 97317

    2.99 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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