4786 Battle Creek Rd Salem, OR 97302
This exceptional 4.47-acre property in Salem, Oregon, presents a unique development opportunity. Located on the corner of Kuebler Blvd and Battle Creek Rd SE, it's less than a mile from the I-5 interchange, offering unparalleled access and visibility. The land comprises four tax lots, each individually ownable but ideally suited for cooperative development. Utilities including water, sewer, electricity, and natural gas are readily available. The property includes three existing residential homes (1,154 sq ft, 2,716 sq ft, and 1,974 sq ft) with various outbuildings and garages, offering potential for redevelopment or repurposing. Tax Lot 532161 (1.74 acres) requires extension into the Urban Service Area. Driveway access from Battle Creek Rd requires buyer due diligence. This prime location is within Salem's Airport Opportunity Zone, boasting proximity to Salem Clinic, Costco, and thriving residential and commercial development. The combined approximate value based on listed per square foot pricing is over $5.5 million. This is an exceptional opportunity for investors and developers seeking a strategic location with significant potential.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.