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5465 Turner Rd SE - 388AC Development in City of Salem Limits 12.17 - 165.73 Acre Commercial Land Lots Offered at $2,557,625 - $11,060,000 CAD Per Lot in Salem, OR 97317
INVESTMENT HIGHLIGHTS
- Topography/Boundary Surveys Completed
- Partition in Process
- Floodplain Analysis and Wetland Concurrence in Progress
- Completed Entitlement and Zone Change
- Annexed into the City
- Subdividing into 6 Parcels
EXECUTIVE SUMMARY
Ideal for visionary developers, this canvas invites innovative master-planned communities, mixed-use hubs, or high-yield investments. Partner up or lead the charge—shape Salem's next evolution and capitalize on this rare, high-growth frontier. Act now to secure your stake in tomorrow's success!
PROPERTY FACTS
6 LOTS AVAILABLE
Lot 1
| Price | $6,013,875 CAD | Lot Size | 165.73 AC |
| Price Per AC | $36,287.19 CAD |
| Price | $6,013,875 CAD |
| Price Per AC | $36,287.19 CAD |
| Lot Size | 165.73 AC |
165.73 acres of Industrial Commercial (IC) for light industrial uses like warehousing, wholesale sales, and services with related outdoor storage or retail sales.
Lot 1A
| Price | $2,557,625 CAD | Lot Size | 12.17 AC |
| Price Per AC | $210,158.18 CAD |
| Price | $2,557,625 CAD |
| Price Per AC | $210,158.18 CAD |
| Lot Size | 12.17 AC |
12.17 acres of General Industrial (IG) to provide areas suitable for warehousing, secondary processing and packaging and fabricating of finished goods and equipment with related outdoor storage and incidental sales.
Lot 2
| Price | $11,060,000 CAD | Lot Size | 72.61 AC |
| Price Per AC | $152,320.62 CAD |
| Price | $11,060,000 CAD |
| Price Per AC | $152,320.62 CAD |
| Lot Size | 72.61 AC |
72.61 acres of Mixed Use 2 (MU-II) 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.
Lot 3
| Price | $2,765,000 CAD | Lot Size | 48.24 AC |
| Price Per AC | $57,317.58 CAD |
| Price | $2,765,000 CAD |
| Price Per AC | $57,317.58 CAD |
| Lot Size | 48.24 AC |
48.24 acres of Mixed Use-III (MU-III) that allows uses that encourage infill development/redevelopment of mixed-use corridors. MU-III zone generally allows a variety of retail and office uses, commercial services, and multiple residential uses.
Lot 4
| Price | $3,248,875 CAD | Lot Size | 34.33 AC |
| Price Per AC | $94,636.62 CAD |
| Price | $3,248,875 CAD |
| Price Per AC | $94,636.62 CAD |
| Lot Size | 34.33 AC |
34.33 acres zoned Residential (RS) designated for low-density residential areas intended for the development of attached or detached single-family homes. Additional potential uses include multi-family, cottage clusters, and more.
Lot 5
| Price | $3,525,375 CAD | Lot Size | 55.91 AC |
| Price Per AC | $63,054.46 CAD |
| Price | $3,525,375 CAD |
| Price Per AC | $63,054.46 CAD |
| Lot Size | 55.91 AC |
55.91 acres zoned Residential (RS) designated for low-density residential areas intended for the development of attached or detached single-family homes. Additional potential uses include multi-family, cottage clusters, and more.
PROPERTY TAXES
| Parcel Number | 327913 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $11,097,486 CAD |
PROPERTY TAXES
Presented by
5465 Turner Rd SE - 388AC Development in City of Salem Limits
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