Share This Listing

Message

963 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

2605 22nd St SE
Salem, OR 97302
Land For Sale · 2.21 AC

Save this listing!

Favourite this listing to get notified of price updates, new media and more

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.

PROPERTY FACTS

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Industrial
Proposed Use
Industrial
  • Contractor Storage Yard
  • Distribution
  • Food Processing
  • Industrial Park
  • Warehouse
Total Lot Size 2.21 AC
Opportunity Zone Yes
Zoning IG - Industrial Growth

1 LOT AVAILABLE

Lot

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

PROPERTY TAXES

Parcel Numbers
Multiple
  • 333046
  • 574627
  • 333045
Land Assessment
$268,408 CAD
Improvements Assessment
$27,318 CAD
Total Assessment
$295,726 CAD
  • Listing ID: 38645184

  • Date on Market: 2025-12-03

  • Last Updated:

  • Address: 2605 22nd St SE, Salem, OR 97302

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}