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5465 Turner Rd SE - Turner Rd Development - 72.61ac - MU-II 72.61 Acres of Commercial Land Offered at $6,800,000 in Salem, OR 97317
INVESTMENT HIGHLIGHTS
- 72.61 ACRES
- MU-II ZONING
- 22,282SF Prison + 15,212SF Outbuildings + 10,608SF Warehouse
- 38.57 USEABLE
- Topography and Boundary Surveys, Tree Survey, Zone Change, Traffic Study -COMPLETED
- BUYER INCENTIVES AVAILABLE WITH 100% SELLER FINANCING
EXECUTIVE SUMMARY
Prime Development Opportunity inside the City of Salem limits. Discover a rare opportunity within this expansive 390-acre development property, the last and largest of its kind within the City boundaries. The site is situated just 7 miles southeast of downtown Salem, and shows off with a unique blend of rural tranquility, impressive natural features, and suburban convenience. The property is neighbors to Turner Lake and Corban University with easy access to major amenities including an airport and big box retail. Seize the chance to shape the future of this evolving rural-suburban area. Whether you're looking to invest in a premier development project or seeking a strategic partnership, this property promises unparalleled potential.
This property offers flexible MU-II zoning with several structures including the historic Mill Creek Prison facility, barns, warehouses, and residential structures.
This property offers flexible MU-II zoning with several structures including the historic Mill Creek Prison facility, barns, warehouses, and residential structures.
PROPERTY FACTS
| Price | $6,800,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | Mixed Use |
| No. Lots | 1 | Total Lot Size | 72.61 AC |
| Property Type | Land | ||
| Zoning | MU-II - See attachments. | ||
| Price | $6,800,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 72.61 AC |
| Zoning | MU-II - See attachments. |
1 LOT AVAILABLE
Lot 2
| Price | $6,800,000 | Lot Size | 72.61 AC |
| Price Per AC | $93,651.01 |
| Price | $6,800,000 |
| Price Per AC | $93,651.01 |
| Lot Size | 72.61 AC |
72.61 acres of Mixed Use 2 (MU-Il) 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.
1 1
PROPERTY TAXES
| Parcel Number | 327913 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $7,911,856 |
PROPERTY TAXES
Parcel Number
327913
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$7,911,856
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5465 Turner Rd SE - Turner Rd Development - 72.61ac - MU-II
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