Investment property on Wallace Rd.

Bare Land Salem, OR 97304

Bare Land , Salem, OR, 97304
Street view
Bare Land , Salem, OR, 97304
Property Type:
Multifamily Land
Last Verified:
Apr 17, 2019


  • Bare land of 1.7 Acres
  • RA zoned but a possible zone change to RM or CO
  • Great residential development ground.


1.7 acres for investment and/or development. Size of the property can be negotiable with Seller depending on the Buyers needs. Property is zoned RA with the City of Salem, but may be able to see a zone change to RM or CO. Seller to work with buyer to complete zone change if needed. Sale is subject to a partitioning with the City of Salem. Buyer to do their own Due-diligence.

Located on Wallace Rd just past Orchard Heights Rd. On bus line and close to restaurants, banking, grocery, library and medical.

Lot Size: 1.7 acres

Map of Bare Land , Salem, OR, 97304

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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.