503-200-9216
2450 Strong Rd SE, Salem, OR for Sale
Specialty - FOR SALE
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2450 Strong Rd SE
Salem, OR 97302
Morningside


HIGHLIGHTS

  • Opportunity Zone
  • Redevelopment Potential
  • PH and RA Zoning

OVERVIEW

CBRE’s is pleased to present the exclusive offering of 2450 Strong Road SE in Salem Oregon. This sprawling 44.6- acre former youth correctional facility is located just off the major I-5 corridor and within five miles of downtown Salem, Oregon. Formerly operated as the Hillcrest Youth Correctional Facility, the campus was originally built in 1923, with additions made through 2003. This property presents an ideal opportunity for housing developers, healthcare and government organizations to bring much needed housing stock or services to the Salem area. The property can also be used for other services such as camps, conference centers, community-focused developments and senior care redevelopment. Zoning for the site is primarily PH (Public and Private Health Services), with a southern section zoned RA. PH zoning allows for a wide range of uses including, but not limited to, inpatient and outpatient drug and alcohol rehabilitation centers.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Hillcrest

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Lodge/Meeting Hall, Schools

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1923

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

44.6 AC

LAND SF

1,942,776 SF

ZONING

PH, RA

APN/PARCEL ID

532243

ASK ABOUT THIS PROPERTY

503-200-9216

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503-200-9216

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.