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3000 Portland Rd NE - North Gateway Development Opportunity 0.25 Acres of Commercial Land Offered at $125,000 in Salem, OR 97301
Investment Highlights
- North Gateway Rehabilitation Grant dollars match 1-1, max $300,000
- Versatile zoning for various industrial and commercial uses
- Ideal for land and industrial investors
- North Gateway Urban Renewal Grant up to $20,000
- Prime investment opportunity
- High traffic count
Executive Summary
Prime industrial/commercial investment opportunity in Salem. This .25-acre parcel of land is located in Salem's North Gateway Rehabilitation & Urban Renewal program areas on Portland Rd. NE offers versatile IC zoning, making it ideal for industrial and commercial uses. The property provides easy access to major transportation routes, offering a strategic location for logistics and operations.
An additional five adjoining lots may also be available for purchase, offering the opportunity to create a contiguous parcel totaling approximately 0.78 acres. This includes the subject property and an additional 0.53 acres from the neighboring lots available.
An additional five adjoining lots may also be available for purchase, offering the opportunity to create a contiguous parcel totaling approximately 0.78 acres. This includes the subject property and an additional 0.53 acres from the neighboring lots available.
Property Facts
| Price | $125,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.25 AC |
| Property Type | Land | ||
| Zoning | IC - Industrial/Commercial | ||
| Price | $125,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.25 AC |
| Zoning | IC - Industrial/Commercial |
1 Lot Available
Lot
| Price | $125,000 | Lot Size | 0.25 AC |
| Price Per AC | $500,000.00 |
| Price | $125,000 |
| Price Per AC | $500,000.00 |
| Lot Size | 0.25 AC |
.25-acre parcel of land is located in Salem's North Gateway Rehabilitation & Urban Renewal program areas on Portland Rd.
1 1
Bike Score®
Very Bikeable (82)
Property Taxes
| Parcel Number | 589685 | Improvements Assessment | $1,411,380 |
| Land Assessment | $343,990 | Total Assessment | $1,755,370 |
Property Taxes
Parcel Number
589685
Land Assessment
$343,990
Improvements Assessment
$1,411,380
Total Assessment
$1,755,370
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3000 Portland Rd NE - North Gateway Development Opportunity
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