Property profile

0 Hwy 22 & Kuebler Blvd Salem, OR 97317

OFF-MARKET
Land
7.78 ac lot
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Property summary

AI-generated overview

This exceptional commercial land opportunity, known as Mill Creek Corporate Center, presents 7.78 to 35.12 acres of developable land in Salem, Oregon. Located at the intersection of Hwy 22 and Kuebler Blvd, this property boasts unparalleled access to Interstate 5, a major transportation artery. The site is zoned EC, offering flexibility for a variety of commercial developments. The property's strategic location within Salem, Oregon's capital city and second-largest metropolitan statistical area (MSA), provides access to a substantial workforce. Salem's MSA encompasses approximately 170,000 residents, and the property benefits from a large commute shed including one million workers. This presents a unique opportunity to capitalize on the growing demand for commercial space in the Salem area, particularly as the Portland market experiences increased competition. The surrounding Marion County neighborhoods are known for their skilled and educated workforce, further enhancing the property's appeal for businesses seeking a strategic location for growth. The expansive acreage allows for flexible configurations, catering to a wide range of development plans. This is a rare opportunity to acquire a significant parcel of commercial land in a thriving Oregon market.

Property profile

Verified
Property type Land
Lot 7.78 ac (338,897 SF)

Cap rate & NOI

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

Location

Hwy 22 & Kuebler Blvd Salem, OR 97317
Salem metro
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Value estimations

Realmo proprietary · 4 methods
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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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