2280 Kuebler Blvd Salem, OR 97302

This exceptional 4.96-acre property in Salem, Oregon, presents a unique investment opportunity. Located at 2280 Kuebler Blvd, in Marion County, zip code 97302 (44.881763, -123.077376), the land is zoned RM2 and offers significant potential for residential development. Currently featuring a custom-built, approximately 4000 square foot, five-bedroom, three-bathroom luxury home with a shop, the property boasts stunning Cascade Mountain Range views. The existing home presents the possibility of dual living arrangements. The City of Salem has expressed interest in developing townhomes on this site, estimating a capacity of 100 to 135 units. This potential is further enhanced by the convenient location of all utilities at the end of Country Drive, including a well line, city sewer line, and storm water line. The property's proximity to Sprague High School adds to its appeal. Priced at $1,500,000, this offering represents a compelling chance to capitalize on the growing Salem market and create a thriving residential community. The existing home provides immediate income potential or could be incorporated into the overall development plan.