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    OFF-MARKET
    Land

    0 & Deer Park Cutoff Rd, Salem, OR 97317

    32.23 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 32.23-acre property, situated at Turner Rd SE & Deer Park Cutoff Rd SE in Salem, Oregon (zip code 97317), presents a unique investment opportunity. Currently zoned as Employment Center, the land offers significant flexibility for various commercial and industrial uses. The site includes approximately 15,500 square feet of existing building improvements, previously used as manufacturing shops and offices. Ten acres are immediately available for retail uses, including restaurants, retail sales/service, and commercial entertainment, all permitted under the current zoning. The remaining acreage is suitable for business park and office development. The property's location in Marion County provides excellent access to transportation networks and a skilled workforce. Furthermore, there's potential for future rezoning to accommodate residential or mixed-use development, expanding the property's long-term value. The asking price for this substantial land parcel is $6,766,985. This presents a rare chance to acquire a large, strategically located property with diverse development potential in a thriving Oregon market. Don't miss this opportunity to secure a significant asset in Salem's dynamic commercial landscape.

    Property profile
    Verified
    Property type Land
    Lot 32.23 ac (1,403,939 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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