1940-2045 Hyacinth St Salem, OR 97301
This exceptional Salem, Oregon property offers 3 to 14.97 acres of commercially and industrially zoned land, ideally situated off Interstate 5. Currently, 11.1 acres are under a pending sale to an owner-user, leaving the remaining acreage available for purchase in its entirety or divided into smaller parcels, with a minimum of 5 acres possible. The seller, an established industrial developer, is offering build-to-suit options, development services, and improved land sales. The property boasts a favorable zoning designation (Industrial Commercial - City of Salem) permitting a wide range of uses, including but not limited to motor vehicle and manufactured dwelling/trailer sales, motor vehicle services, commercial parking, heavy vehicle and trailer storage/sales, self-service storage, contractor's yards, multifamily residential, retail, hospitality/temporary commercial lodging, manufacturing, and warehouse/distribution. A billboard with existing income potential is also included, offering additional revenue streams for a buyer or tenant. The seller will complete necessary utility and roadway improvements as required by the City of Salem, streamlining the development process. Comprehensive infrastructure plans are available to qualified buyers upon request. A full due diligence package is available for prospective purchasers. This is a rare opportunity to acquire prime industrial land in a high-growth area with excellent highway access.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.