5155 Ridge Dr Salem, OR 97301
- Manufacturing properties
- 99,752 SF
Current Use by Public Records
- Manufacturing properties
Property Details for 5155 Ridge Dr
- Property size
- 99,752 SF
- Property type
- Manufacturing properties
- Property subtype
- Distribution centers
Description
This exceptional 2.29-acre property in Salem, Oregon, offers 99,752 square feet of space zoned IP (Industrial Park). Located at 5155 Ridge Dr NE, 97301, this site presents a unique opportunity for businesses seeking a versatile industrial space. The land is comprised of two combined lots, already cleared and prepared for development. Prior to Certificate of Occupancy, the ground will undergo rocking and compaction, making it ready for immediate use as a storage yard. While water access requires independent provision, the site's preparation significantly reduces development time and costs. This property is exceptionally well-suited for various industrial applications, from warehousing and distribution to light manufacturing. The asking price for this substantial property is $349,000. Alternatively, a triple net (NNN) lease is available at a monthly rate of $7,900. This flexible offering caters to a range of business needs and investment strategies, making it an attractive proposition in the thriving Salem industrial market. The property's strategic location in Marion County offers easy access to major transportation routes, further enhancing its appeal.
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
- -123.002095
- Latitude
- 44.998691
