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5465 Turner Rd SE - 388 Acres of Development in City of Salem 12.17 - 165.73 Acre Commercial Land Lots Offered at $1,850,000 - $8,000,000 Per Lot in Salem, OR 97317
INVESTMENT HIGHLIGHTS
- Topography/Boundary Surveys Completed
- Partition in Process
- Floodplain Analysis and Wetland Concurrence in Progress
- Completed Entitlement and Zone Change
- Annexed into the City
- Subdividing into 6 Parcels
EXECUTIVE SUMMARY
Ideal for visionary developers, this canvas invites innovative master-planned communities, mixed-use hubs, or high-yield investments. Partner up or lead the charge—shape Salem's next evolution and capitalize on this rare, high-growth frontier. Act now to secure your stake in tomorrow's success!
PROPERTY FACTS
| Price | $1,850,000 - $23,200,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 6 | Total Lot Size | 388.99 AC |
| Property Type | Land | ||
| Zoning | IG,IC,RS,MU-II,& MU-III - See attachments. | ||
| Price | $1,850,000 - $23,200,000 |
| Sale Type | Investment |
| No. Lots | 6 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 388.99 AC |
| Zoning | IG,IC,RS,MU-II,& MU-III - See attachments. |
6 LOTS AVAILABLE
Lot 1
| Price | $4,350,000 | Lot Size | 165.73 AC |
| Price Per AC | $26,247.51 |
| Price | $4,350,000 |
| Price Per AC | $26,247.51 |
| Lot Size | 165.73 AC |
165.73 acres of Industrial Commercial (IC) for light industrial uses like warehousing, wholesale sales, and services with related outdoor storage or retail sales.
Lot 1A
| Price | $1,850,000 | Lot Size | 12.17 AC |
| Price Per AC | $152,013.15 |
| Price | $1,850,000 |
| Price Per AC | $152,013.15 |
| Lot Size | 12.17 AC |
12.17 acres of General Industrial (IG) to provide areas suitable for warehousing, secondary processing and packaging and fabricating of finished goods and equipment with related outdoor storage and incidental sales.
Lot 2
| Price | $8,000,000 | Lot Size | 72.61 AC |
| Price Per AC | $110,177.66 |
| Price | $8,000,000 |
| Price Per AC | $110,177.66 |
| Lot Size | 72.61 AC |
72.61 acres of Mixed Use 2 (MU-II) district is designed for compatible mix of uses, including ground-floor commercial with residential units above. It is also meant to help preserve existing neighborhood commercial spaces.
Lot 3
| Price | $2,000,000 | Lot Size | 48.24 AC |
| Price Per AC | $41,459.37 |
| Price | $2,000,000 |
| Price Per AC | $41,459.37 |
| Lot Size | 48.24 AC |
48.24 acres of Mixed Use-III (MU-III) that allows uses that encourage infill development/redevelopment of mixed-use corridors. MU-III zone generally allows a variety of retail and office uses, commercial services, and multiple residential uses.
Lot 4
| Price | $3,400,000 | Lot Size | 34.33 AC |
| Price Per AC | $99,038.74 |
| Price | $3,400,000 |
| Price Per AC | $99,038.74 |
| Lot Size | 34.33 AC |
34.33 acres zoned Residential (RS) designated for low-density residential areas intended for the development of attached or detached single-family homes. Additional potential uses include multi-family, cottage clusters, and more.
Lot 5
| Price | $3,600,000 | Lot Size | 55.91 AC |
| Price Per AC | $64,389.20 |
| Price | $3,600,000 |
| Price Per AC | $64,389.20 |
| Lot Size | 55.91 AC |
55.91 acres zoned Residential (RS) designated for low-density residential areas intended for the development of attached or detached single-family homes. Additional potential uses include multi-family, cottage clusters, and more.
PROPERTY TAXES
| Parcel Number | 327913 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $7,911,856 |
PROPERTY TAXES
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5465 Turner Rd SE - 388 Acres of Development in City of Salem
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