Downtown Land Development Opportunity

2210-2230 Commercial St NE Salem, OR 97301

FOR SALE
Property Type:
Other Land
Amount:
$500,000
Last Verified:
May 17, 2022

Highlights

  • 0.63 acres Land
  • CG Zone Property
  • High Exposure Area
  • Near Downtown Salem
  • Easy Access to Salem Parkway & West Salem

Description

New to Market! Rare downtown land development opportunity located on the corner of Commercial St NE and Grove St NE in Salem. Bring your ideas to life at this great location that offers high exposure and easy access to downtown Salem, West Salem and the Salem Parkway! Ownership is combining four tax lots to 0.63 acres. The CG zone allows for a wide variety of commercial uses, including the sale of commodities, performance of services, repair facilities, motor vehicle sales and services, offices, and general wholesaling. Contact Listing Broker for more details.

Located minutes north of Downtown Salem and just a block from HWY-99.

Building Size: 0sq ft
Lot Size: 0.63 acres


Documents

Sale Brochure

Map of 2210-2230 Commercial St NE, Salem, OR, 97301

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.