0 & Deer Park Cutoff Rd, Salem, OR 97317
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.
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
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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.