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4540 Pringle Rd SE - Pringle Road Residential Land 24 Acres of Residential Land Offered at $4,260,000 in Salem, OR 97302
Investment Highlights
- ~24 Acres Residential Development Land
- Conceptual Plan for 127 Detached Lots
- 4,000 SF Minimum Lot Size for Single Family
- Potential for Single-Family Lots, Senior Living Facility, Manufactured Home & More
- PUD Opportunity on Site
- Walking Distance to Green Space and National Retailers on Commercial St SE
Executive Summary
~24 Acres Residential Development Land in Salem, OR
Single-Family, Senior Facility, Manufactured Home & More Possible
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Sale Price: $4,260,000 ($177,500 / Gross AC)
Land Area: Approx. 24 Acres (29.68 Acres less ~5.5 Acres Retained by Ownership)
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Property Features:
• Approximately 24 Acres of Prime Residential Development Land in the Heart of South Salem
• Family-Owned Property for 70+ Years
• Total Site is 29.68 Acres - Ownership to Retain Approx. 5.5 Acre Homestead Portion (See Page 4 of Brochure)
• Conceptual Plan for 127 Lots - See Page 5 of Flyer
• Opportunity for Planned Unit Development on Site
• Access to City Infrastructure (Water, Sewer, Electric, etc)
• RA (Residential Agriculture) Zoning Allows for Development of Single Family Detached Dwellings including Manufactured Dwelling (Subject to Approval), Townhome Development (Not More than 3 Units, Each on a Separate Platted Lot, May be Attached) and Senior Facility (Conditional)
• Minimum 4,000 Sq. Ft. Lot Size Requirement for Single Family Lots
• $420k+ Median Home Sale Price within 1.5 Miles (2017 Construction or Later; 3,000 - 7,000 SF Lots)
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Location Features:
• Heart of South Salem between Commercial St. SE and Battle Creek Rd. SE
with Excellent Access Off the New I-5 Interchange via Kuebler Blvd and Battle Creek Rd SE
• Walking Distance to Green Space and Nationally-Anchored Retail Centers; Approx. 4 Miles to Downtown
• Convenient Location Close to Leslie Middle School, Judson Middle School, Morningside Elementary, Pringle Elementary, Pringle Creek, Hilfiker Park, Morningside City Park, Woodmansee Park
• Nearby Retail Highlights Include Trader Joe’s, Natural Grocers, Rite Aid, Walgreens, PETCO, WinCo Foods, KeyBank, MOD Pizza, Sherwin-Williams, QDOBA Mexican Grill, The Human Bean, The Original Pancake House, Big5 Sporting Goods, South Salem DMV, Physiq FItness
Single-Family, Senior Facility, Manufactured Home & More Possible
--------------------
Sale Price: $4,260,000 ($177,500 / Gross AC)
Land Area: Approx. 24 Acres (29.68 Acres less ~5.5 Acres Retained by Ownership)
--------------------
Property Features:
• Approximately 24 Acres of Prime Residential Development Land in the Heart of South Salem
• Family-Owned Property for 70+ Years
• Total Site is 29.68 Acres - Ownership to Retain Approx. 5.5 Acre Homestead Portion (See Page 4 of Brochure)
• Conceptual Plan for 127 Lots - See Page 5 of Flyer
• Opportunity for Planned Unit Development on Site
• Access to City Infrastructure (Water, Sewer, Electric, etc)
• RA (Residential Agriculture) Zoning Allows for Development of Single Family Detached Dwellings including Manufactured Dwelling (Subject to Approval), Townhome Development (Not More than 3 Units, Each on a Separate Platted Lot, May be Attached) and Senior Facility (Conditional)
• Minimum 4,000 Sq. Ft. Lot Size Requirement for Single Family Lots
• $420k+ Median Home Sale Price within 1.5 Miles (2017 Construction or Later; 3,000 - 7,000 SF Lots)
--------------------
Location Features:
• Heart of South Salem between Commercial St. SE and Battle Creek Rd. SE
with Excellent Access Off the New I-5 Interchange via Kuebler Blvd and Battle Creek Rd SE
• Walking Distance to Green Space and Nationally-Anchored Retail Centers; Approx. 4 Miles to Downtown
• Convenient Location Close to Leslie Middle School, Judson Middle School, Morningside Elementary, Pringle Elementary, Pringle Creek, Hilfiker Park, Morningside City Park, Woodmansee Park
• Nearby Retail Highlights Include Trader Joe’s, Natural Grocers, Rite Aid, Walgreens, PETCO, WinCo Foods, KeyBank, MOD Pizza, Sherwin-Williams, QDOBA Mexican Grill, The Human Bean, The Original Pancake House, Big5 Sporting Goods, South Salem DMV, Physiq FItness
Property Facts
| Price | $4,260,000 | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 24.00 AC |
| Property Type | Land | ||
| Zoning | RA (Residential Agri.) | ||
| Price | $4,260,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 24.00 AC |
| Zoning | RA (Residential Agri.) |
1 Lot Available
Lot
| Price | $4,260,000 | Lot Size | 24.00 AC |
| Price Per AC | $177,500.00 |
| Price | $4,260,000 |
| Price Per AC | $177,500.00 |
| Lot Size | 24.00 AC |
~24 Acres Residential-Zoned Development Land Family-Owned, Beautiful Natural Setting, Close to Major Retailers, Schools and Parks
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4540 Pringle Rd SE - Pringle Road Residential Land
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