Salem, OR 97304,370 Veall LN NW
Salem, OR 97304,370 Veall LN NW
Salem, OR 97304,370 Veall LN NW
Salem, OR 97304,370 Veall LN NW
Salem, OR 97304,370 Veall LN NW
Salem, OR 97304,370 Veall LN NW
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Listed by Real Broker
$ 1,100,000
Est. payment | /mo

7,350 SqFt


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$ 1,100,000
Est. payment | /mo
Save

7,350 SqFt

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 7,350 sqft

Price per Sqft $149

MLS Listing ID 23136436

Year Built 1916

Annual Tax Amount $7,682

Tax Year 2022

Lot Size 1.250 Acres

Property Description

Prime redevelopment opportunity in West Salem! Potential for a variety of uses, including multi-family housing, apartments, office space, retail shops, cafes & restaurants. Five contiguous parcels totaling around 1.25 acres (including the current alley). Located within the West Salem Central Business is already zoned for commercial & mixed-use developments. Existing structures (residential homes, a pole building & a mini storage business) could either be leveraged in the redevelopment plans or potentially cleared for a fresh start. Current rents being below market value indicates a potential for increased revenue.

Location

State OR

County Polk

Area _168

Zoning IP

Interior

Heating Other

Exterior

Garage No

Building

Sewer Public Sewer

Water Public Water

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(503) 475-2031

brent@chastel.com

4800 Meadows Road Suite 300, Lake Oswego, OR, 97035, USA

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370 Veall LN NW