2499 (-2539) Wallace Rd, Salem

$20,000,000

0 Bed
0 Bath
194,800 Sqft
0 Acre
0 Garage

Oppurtunity to purchase and take over the development/completion of a 201-unit apartment complex project.Located in the expanding community of West Salem,this property will be delivered with all horizontal work complete including excavation,public & private pipe work, electrical & water. Plans and permits for 3-story multiplex complete with fitness center, resident pool & clubhouse, walking trail/green space and on-site management office. Horizontal phase to be completed prior to sale. Development is located off Wallace Rd, adjacent to phase 1 (completed) and neighboring retail development which includes a small shopping center, food truck pod and pavilion. Developer is willing to complete project for negotiated developer fees after purchase. Inquire with brokers.

Essential Information
MLS® #23348074
Price$20,000,000
Bathrooms0.00
Square Footage194,800
Acres0.00
Year Built2024
TypeMulti Family
StatusActive
Community Information
Address2499 (-2539) Wallace Rd
Area168 - Polk Co: West Salem N
SubdivisionRiverbend Apartments
CitySalem
CountyPolk
StateOR
Zip Code97304
Amenities
ParkingAssigned
Interior
HeatingMini Split
CoolingOther
# of Stories3
BasementNone
Exterior
ExteriorCement Siding
RoofComposition
FoundationSlab
School Information
ElementaryHarritt
MiddleWalker
HighWest Salem
Additional Information
Date ListedJuly 10th, 2023
Days on Market229
ZoningMulti
Listing Details
OfficeReal Broker
LISTING MAP

Get directions to this property:

Regional Multiple Listing Service of Oregon Logo The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real Estate listings held by brokerage firms other than JMA Properties are marked with the RMLS™ logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2024 RMLS™ of Portland, Oregon.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Listing information last updated on February 24th, 2024 at 10:10pm PST.