Prime Residential Development Land. 14.46 Acres.

1374 Royvonne Ave SE Salem, OR 97302

1374 Royvonne Ave SE, Salem, OR, 97302
1374 Royvonne Ave SE, Salem, OR, 97302
FOR SALE
Property Type:
Residential Land Development
Amount:
$1,195,000
Last Verified:
May 15, 2019

Highlights

  • Great South Salem location
  • 14.46 acres
  • Potential view lots
  • 2013 proposal showed 63 lots
  • Close to downtown and I-5
  • Minutes to shopping, restaurants, banks
  • 5 minute walk to Bus Line
  • Property adjoins the Cambridge Sub-division on the East boundary

Description

14.46 acres of prime residential development land. This property has the potential for views of Mt. Jefferson to the East and has a south and east facing slop. The 2013 proposal included 63 lot sub-division. Property has been surveyed. This is one of the best potential South Salem sub-division properties currently on the market. Very nice development property in South Salem, perfect for high-end homes. 5 minutes to I-5 and 10 minutes to downtown. Near by schools include Pringle Elementary, Judson Middle, South Salem High School. Woodmansee Park, Wes Bennett Park and Woodscape Linear Park are near by with good bike lanes.

Well-Located property in Southeast Salem. West off of Commercial St. SE on Royvonne Ave.
This property adjoins the Cambridge Sub-division on the East boundary.

Lot Size: 14.46 acres

Map of 1374 Royvonne Ave SE, Salem, OR, 97302

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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.