Investment Overview
Prime Development Opportunity inside the City of Salem limits. Discover a rare opportunity within this expansive 390-acre property, the last and largest of its kind within the City boundaries. The site is situated just 7 miles southeast of downtown Salem, and shows off with a unique blend of rural tranquility, impressive natural features, and suburban convenience. The property is neighbors to Turner Lake and Corban University with easy access to major amenities including an airport and big box retail. Seize the chance to shape the future of this evolving rural-suburban area. Whether you're looking to invest in a premier development project or seeking a strategic partnership, this property promises unparalleled potential.
This property offers flexible MU-II zoning with several structures including the historic Mill Creek Prison facility, barns, warehouses, and residential structures.
Investment Highlights
- 72 Acres
- 38.57 Useable Acres
- MU-II Zoning
- Topography and Boundary Surveys, Tree Survey, Traffic Study -COMPLETED
- Comprehensive plan and zone change - COMPLETED
- 22,282SF Prison
- 15,212SF Outbuildings
- 10,608SF Warehouse
- BUYER INCENTIVES AVAILABLE WITH 100% SELLER FINANCING