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2605 22nd St SE
Salem, OR 97302
Land For Sale
·
2.21 AC
INVESTMENT HIGHLIGHTS
- Prime industrial development site in Salem’s growth corridor
- Zoned IG allowing manufacturing, warehousing, and flex uses
- Supported by strong labor pool and city/state development incentives
- Excellent access to I-5 and OR-213 for regional connectivity
- Full utilities and rail access minimize offsite improvement costs
EXECUTIVE SUMMARY
This prime 2.22-acre development site in Salem’s thriving industrial corridor offers unmatched connectivity and flexibility for investors and developers. Zoned Industrial General under Salem’s Unified Development Code, the property supports a wide range of uses including light manufacturing, warehousing, distribution, R&D, and professional office/showroom space. Ancillary commercial uses such as small retail or cafeteria are also permitted, providing additional revenue opportunities.
Strategically positioned near Interstate 5 and Mission Street SE (OR-213), the site ensures seamless access to Portland, Eugene, and Salem, making it ideal for regional distribution and logistics operations. Recent infrastructure upgrades, including the McGilchrist Street improvements and a new 22nd Street SE intersection, enhance traffic flow and reduce offsite improvement requirements. Full public utilities and rail access further strengthen the property’s development appeal.
The surrounding area features a robust labor pool supported by Salem’s steady population growth and economic diversity. Nearby retail hubs, medical facilities, and industrial developments underscore the location’s vitality. With city and state incentives such as the Industrial Development Overlay, this property represents a rare opportunity to capitalize on Salem’s low industrial vacancy rates and growing demand for modern industrial space.
Strategically positioned near Interstate 5 and Mission Street SE (OR-213), the site ensures seamless access to Portland, Eugene, and Salem, making it ideal for regional distribution and logistics operations. Recent infrastructure upgrades, including the McGilchrist Street improvements and a new 22nd Street SE intersection, enhance traffic flow and reduce offsite improvement requirements. Full public utilities and rail access further strengthen the property’s development appeal.
The surrounding area features a robust labor pool supported by Salem’s steady population growth and economic diversity. Nearby retail hubs, medical facilities, and industrial developments underscore the location’s vitality. With city and state incentives such as the Industrial Development Overlay, this property represents a rare opportunity to capitalize on Salem’s low industrial vacancy rates and growing demand for modern industrial space.
PROPERTY FACTS
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 2.21 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Industrial | ||
| Zoning | IG - Industrial Growth | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Industrial |
| Proposed Use | |
| Total Lot Size | 2.21 AC |
| Opportunity Zone |
Yes |
| Zoning | IG - Industrial Growth |
1 LOT AVAILABLE
Lot
| Price | $4,187,760 CAD | Lot Size | 2.21 AC |
| Price Per AC | $1,894,914.08 CAD |
| Price | $4,187,760 CAD |
| Price Per AC | $1,894,914.08 CAD |
| Lot Size | 2.21 AC |
DESCRIPTION
This 2.22-acre site at 2615 22nd Street SE in Salem, Oregon, is a prime industrial development opportunity located in the city’s growing southeast corridor. Zoned Industrial General, it offers flexibility for uses such as manufacturing, warehousing, distribution, and office/showroom space, with full utilities and rail access already in place. Its strategic position near Interstate 5 and Mission Street SE ensures excellent regional connectivity and strong appeal for logistics and light industrial projects.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $27,318 CAD | |
| Land Assessment | $268,408 CAD | Total Assessment | $295,726 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$268,408 CAD
Improvements Assessment
$27,318 CAD
Total Assessment
$295,726 CAD
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