North Gateway Development Opportunity

Investment Overview

Prime industrial/commercial investment opportunity in Salem. This .25-acre parcel of land is located in Salem's North Gateway Rehabilitation & Urban Renewal program areas on Portland Rd. NE offers versatile IC zoning, making it ideal for industrial and commercial uses. The property provides easy access to major transportation routes, offering a strategic location for logistics and operations. An additional five adjoining lots may also be available for purchase, offering the opportunity to create a contiguous parcel totaling approximately 0.78 acres. This includes the subject property and an additional 0.53 acres from the neighboring lots available.

Investment Highlights

• North Gateway Rehabilitation Grant dollars match 1-1, max $300,000
• North Gateway Urban Renewal Grant up to $20,000
• Easy access to major transportation routes
• Versatile zoning for various industrial and commercial uses
• Prime investment opportunity
• Ideal for land and industrial investors