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348 12th NE st
Salem, OR 97301
Mixed-Use Development Land · Land For Sale
·
0.15 AC
Executive Summary
This site is an ideal opportunity for developers offering a range of development option. Salem’s Mixed-Use I zoning code (MU-I) allows for a multitude of uses including multifamily, retail and office, incentivizing mixed-use and walkability.
The site is a currently paved parking lot with minimal elevation, ideal for development.
The site is located immediately off 12th Street NE, a main street running through Downtown Salem. With immediate walkability to Willamette University, the Oregon State Capital along with major employment center of Salem, these sites are in a prime location to attract multifamily and retail tenants.
Over the past three years (April 2023–April 2026), Salem — Oregon's second-largest metropolitan area — has added roughly 9,000 jobs, a 5% increase, even as the Portland and Eugene- Springfield metros, and the state as a whole, lost jobs over the same period. More recently, Salem's job growth was around 1.7% for the year ending December 2025, making it the only Oregon metro area with what economists called "substantive" job growth in an otherwise down year statewide.
The site is a currently paved parking lot with minimal elevation, ideal for development.
The site is located immediately off 12th Street NE, a main street running through Downtown Salem. With immediate walkability to Willamette University, the Oregon State Capital along with major employment center of Salem, these sites are in a prime location to attract multifamily and retail tenants.
Over the past three years (April 2023–April 2026), Salem — Oregon's second-largest metropolitan area — has added roughly 9,000 jobs, a 5% increase, even as the Portland and Eugene- Springfield metros, and the state as a whole, lost jobs over the same period. More recently, Salem's job growth was around 1.7% for the year ending December 2025, making it the only Oregon metro area with what economists called "substantive" job growth in an otherwise down year statewide.
Property Facts
1 Lot Available
Lot
| Price | $150,000 | Lot Size | 0.15 AC |
| Price Per AC | $1,000,000.00 |
| Price | $150,000 |
| Price Per AC | $1,000,000.00 |
| Lot Size | 0.15 AC |
Property Taxes
| Parcel Number | 587827 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $100,090 |
Property Taxes
Parcel Number
587827
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$100,090
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