~24 Acres Residential Development Land in Salem, OR Single-Family, Senior Facility, Manufactured Home & More Possible -------------------- Sale Price: $4,260,000 ($177,500 / Gross AC) Land Area: Approx. 24 Acres (29.68 Acres less ~5.5 Acres Retained by Ownership) -------------------- Property Features: • Approximately 24 Acres of Prime Residential Development Land in the Heart of South Salem • Family-Owned Property for 70+ Years • Total Site is 29.68 Acres - Ownership to Retain Approx. 5.5 Acre Homestead Portion (See Page 4 of Brochure) • Conceptual Plan for 127 Lots - See Page 5 of Flyer • Opportunity for Planned Unit Development on Site • Access to City Infrastructure (Water, Sewer, Electric, etc) • RA (Residential Agriculture) Zoning Allows for Development of Single Family Detached Dwellings including Manufactured Dwelling (Subject to Approval), Townhome Development (Not More than 3 Units, Each on a Separate Platted Lot, May be Attached) and Senior Facility (Conditional) • Minimum 4,000 Sq. Ft. Lot Size Requirement for Single Family Lots • $420k+ Median Home Sale Price within 1.5 Miles (2017 Construction or Later; 3,000 - 7,000 SF Lots) -------------------- Location Features: • Heart of South Salem between Commercial St. SE and Battle Creek Rd. SE with Excellent Access Off the New I-5 Interchange via Kuebler Blvd and Battle Creek Rd SE • Walking Distance to Green Space and Nationally-Anchored Retail Centers; Approx. 4 Miles to Downtown • Convenient Location Close to Leslie Middle School, Judson Middle School, Morningside Elementary, Pringle Elementary, Pringle Creek, Hilfiker Park, Morningside City Park, Woodmansee Park • Nearby Retail Highlights Include Trader Joe’s, Natural Grocers, Rite Aid, Walgreens, PETCO, WinCo Foods, KeyBank, MOD Pizza, Sherwin-Williams, QDOBA Mexican Grill, The Human Bean, The Original Pancake House, Big5 Sporting Goods, South Salem DMV, Physiq FItness