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Investment Highlights

  • Signalized Intersection
  • Dual Street Frontage
  • Flexible site configuration supporting single-tenant, multi-tenant, or pad development scenarios
  • Tremendous Rooftops
  • Located in Salem's recognized path of growth
  • One of the highest average household incomes in Marion County within the immediate trade area

Executive Summary

Available For Sale or BTS

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Office
  • Multifamily
  • Hospitality
Total Lot Size 3.49 AC
Zoning MU-I - The MU-I zone provides flexibility across a broad range of commercial uses.

1 Lot Available

Lot

Lot Size 3.49 AC

This is an assemblage of 3.49± acres.

Description

After years of private ownership, these combined 3.49± acre parcels, situated at the signalized intersection of Commercial Street SE and Wiltsey Rd SE in South Salem, Oregon, are now brought to market for sale for the first time. They occupy one of the most strategically valuable commercial positions in the greater Salem market. Commercial Street SE serves as South Salem's primary commercial spine, connecting Interstate 5 directly to the Salem city center and carrying substantial traffic counts through this intersection. South Salem is widely recognized as Salem's primary growth corridor, with sustained residential and multi-family development and significant new retail development. The surrounding trade area is anchored by an exceptional concentration of national and regional retailers, including Walmart Supercenter, Costco, Safeway, Trader Joe's, Ulta Beauty, Chick-fil-A, Taco Bell, Dollar Tree, and Courthouse Athletic Club, among others. This density of established co-tenancy generates substantial daily consumer traffic and confirms the intersection's standing as one of South Salem's premier retail nodes. The property is zoned MU-I by the City of Salem, a zone that permits a broad range of uses including multifamily, mixed-use, retail sales, restaurants and eating establishments, personal services, financial services, professional and medical office, fitness and indoor entertainment, lodging, day care, and education, accommodating a wide variety of single tenant or multi-tenant commercial concepts. Available as bare ground for sale or as a build-to-suit opportunity for qualified tenants, this site offers the rare combination of scale, signalized corner visibility, established trade-area depth, freeway proximity, and a demonstrable path to growth that defines best-in-class commercial real estate in the Pacific Northwest.

Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
575569
Land Assessment
$242,610
Improvements Assessment
$0
Total Assessment
$242,610
  • Listing ID: 41029688

  • Date on Market: 6/23/2026

  • Last Updated:

  • Address: Commercial St SE at Wiltsey Rd, Salem, OR 97306

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