1089 H St Development Opportunity

1089 H St Independence, OR 97351

1089 H St, Independence, OR, 97351
1089 H St, Independence, OR, 97351 1089 H St, Independence, OR, 97351
FOR SALE
Property Type:
Residential Land Development
Amount:
$1,000,000
Last Verified:
Aug 11, 2025

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Highlights

  • Flexible zoning for residential development
  • Rich heritage dating back to 1910
  • Ideal canvas for a visionary residential project

Description

1089 H St, Independence, OR, is a prime development opportunity. Spanning a generous expanse of land and zoned EFU, this property offers a blank canvas for a visionary residential development. Situated in the Salem area, the potential of this site is limitless once annexed, providing an exciting prospect for forward-thinking developers. With an eye on the future, this property promises to be the foundation for a new residential community, offering boundless opportunities for growth and innovation.

Driveway at the end of H St.


Year Built: 1910
Building Size: 1812sq ft
Lot Size: 20.27 acres

Map of 1089 H St, Independence, OR, 97351

Presented by:
SVN | Commercial Advisors LLC

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George Grabenhorst


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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.