TL 731500 401 Wallace Rd

Courtesy of SMI REAL ESTATE, JORDAN SPARKS, 541-646-0650

Active

TL 731500 401 Wallace Rd

Salem OR, 97304

$1,500,000

$4.17 per sqft

Active

8.26 Acres

Land

This 8.26 acre parcel Zoned RM2 is located in a prime location, surrounded by farmland & just off Harritt Dr, E of the newly approved Marine Drive corridor. This property has potential for a 100+ Unit Multi-Family development. City Sewer connected on the West side of the parcel & power to be delivered to Marine Drive from the City of Salem. Access easement connects to Wallace Rd & located on the South side of the property. Plenty of fill already on-site with active DEQ 1200-C permit for adding future fill.

803919

MLSⓇ ID

April 19, 2023

Listed

February 21, 2025

Updated

Exterior/Building Features

Lot Size: 8.26 Acres
Sewer: Yes

School Information

High School: West Salem
Elementary School: Harritt

Other Property Details

Area Name: 60 NORTHWEST SALEM
Taxes: $2,260
Tax Frequency: Annually
Garage: No
View: Yes
View Description: Water Frontage
County: Polk
Municipality: West Salem
Water Source: City
Pool: No
Utilities: Available

Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. Neither listing broker(s) nor iHomes Team, WVMLS Member shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.