4200 Rickey St Salem, OR 97317
- Land
- 2.08 lot acres
Current Use by Public Records
- Land
Property Details for 4200 Rickey St
- Lot size
- 2.08 lot acres
- Property type
- Land
Description
This exceptional 2.08-acre commercial and residential land parcel, located at 4200-4300 Rickey Street SE in Salem, Oregon (97317), presents a unique investment opportunity. Priced at $995,000, this property boasts a prime location less than a mile from Highway 22 and I-5, ensuring high visibility and accessibility. The land, zoned CR, comprises six parcels totaling approximately 581.42' x 163.37', with one smaller parcel separated by a pedestrian/bicycle easement. Its strategic position near major retailers like WinCo Foods, Coastal Farm & Ranch, Chevron, Sportsman's Warehouse, and various fast-food restaurants guarantees high traffic counts. A traffic-lit intersection at Rickey Street and Lancaster Drive provides easy access. The property's permitted zoning allows for diverse development options, including specialty tri and quad-plex housing, conditional multifamily housing (a proposed site plan for 32 units exists), retail sales and services, and conditional commercial entertainment services, as well as restaurant establishments. The land's price per square foot is $13.24. This offering is from a local, long-time real estate development family trust, and while all information is believed to be accurate, it is subject to change.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Marion
- State
- Oregon
- Longitude
- -122.976
- Latitude
- 44.9159
