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Listed by ALEX RHOTEN • COLDWELL BNKR/COMMERCIAL DIV • Agent: 503-587-4777
$ 365,000
Est. payment /mo
Active
3005 Portland Rd Salem, OR 97301
0.53 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Commercial Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 832067
Lot Size 0.530 Acres
Acres 0.53
Property Sub-Type Commercial Land
Property Description
Consisting of five tax lots totaling approximately .53 acres, is ideally situated near I5and boasts urban renewal incentives. With its advantageous location and IC zoningwith Portland/Fairgrounds Overlay, this offering holds immense potential fordevelopment.Urban Renewal allows for a 1:1 match of applicable expenses (see link for details).Example: $600,000 is spent on applicable costs, Buyer can get up to $300,000reimbursed. Buyer to confirm terms and stipulations with the city. Nearby, you'll find the Oregon State Capitol, Salem Convention Center, and Riverfront Park, providing prime access to government, business, and recreational facilities. The area also benefits from the North Gateway Grant Program, offering financial incentives for property improvements and business development. Enjoy a variety of dining options, local shops, and easy access to major transportation routes, including the I-5,just a short distance away.
Location
State OR
County Marion
Area 20 Central Salem
Nearby Locations
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3240 Commercial Street SE, Suite 100, Salem, Oregon, 97302, USA