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For Sale
West Salem Development Land
2001 Wallace Rd NW,
Salem, OR 97304
Salem, OR 97304
Asset Snapshot
9.12 Acres
Land Area
Offering Summary
Investment Overview
• ± 1.88 AC and ± 7.24 AC parcels • Zoned RM2 – Residential Medium Density • Approximately 250-unit multifamily development potential • Public utilities at the site along with some street improvementsInvestment Highlights
- Close proximity to I-5, downtown Salem, and Salem Airport
- Near major roads and transportation routes
- Strong local housing demand driven by population growth
- Located in the Willamette Valley with steady regional expansion
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