1374 Royvonne Ave Salem, OR 97302
- Commercial real estate
- 14.46 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1374 Royvonne Ave
- Lot size
- 14.46 lot acres
- Property type
- Commercial real estate
Description
This exceptional 14.46-acre land parcel in Salem, Oregon, presents a prime opportunity for residential development. Located at 1374 Royvonne Ave SE, 97302, in the desirable South Salem area, this property is zoned RA and features a City of Salem-approved subdivision plan. Phase 1 of the development, encompassing 45 lots, is ready for infrastructure completion, providing immediate potential for construction. Access to Phase 1 is conveniently located off Denali Street. Phase 2, which includes an additional 27 lots, has the majority of its engineering already completed, streamlining the development process. The property's existing timber may hold additional value, though verification by the buyer is recommended. The asking price for this remarkable development opportunity is $3,150,000. This is a rare chance to acquire a fully permitted subdivision in a thriving Oregon market, offering significant potential for substantial returns. The property is situated in Marion County and offers a strategic location within Salem's expanding residential sector. This is a turnkey opportunity for developers seeking a ready-to-build residential project.
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
- -123.026763
- Latitude
- 44.886725
