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2450 Strong Rd SE - Hillcrest 30,010 SF Specialty Building Offered For Sale in Salem, OR 97302

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INVESTMENT HIGHLIGHTS

Opportunity Zone
PH and RA Zoning

Redevelopment Potential

EXECUTIVE SUMMARY

CBRE’s is pleased to present the exclusive offering of 2450 Strong Road SE in Salem Oregon. This sprawling 44.6- acre former youth correctional facility is located just off the major I-5 corridor and within five miles of downtown Salem, Oregon. Formerly operated as the Hillcrest Youth Correctional Facility, the campus was originally built in 1923, with additions made through 2003.
This property presents an ideal opportunity for housing developers, healthcare and government organizations to bring much needed housing stock or services to the Salem area. The property can also be used for other services such as camps, conference centers, community-focused developments and senior care redevelopment.
Zoning for the site is primarily PH (Public and Private Health Services), with a southern section zoned RA. PH zoning allows for a wide range of uses including, but not limited to, inpatient and
outpatient drug and alcohol rehabilitation centers.

CBRE - Hillcrest 2450 Strong Rd - Brochure - 2025

PROPERTY FACTS

Sale Type	Investment or Owner User	Lot Size	44.60 AC
Sale Conditions	Deferred Maintenance Redevelopment Project	Building Size	30,010 SF
Property Type	Specialty	No. Stories	3
Property Subtype	Correctional Facility Specialty Lodge Meeting Hall Specialty Schools	Year Built	1923
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	PH, RA - Public and Private Health Services

Sale Type	Investment or Owner User
Sale Conditions	Deferred Maintenance Redevelopment Project
Property Type	Specialty
Property Subtype	Correctional Facility Specialty Lodge Meeting Hall Specialty Schools
Building Class	C
Lot Size	44.60 AC
Building Size	30,010 SF
No. Stories	3
Year Built	1923
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	PH, RA - Public and Private Health Services