Active
2505 WALLACE RD
Salem OR, 97304
$16,000,000
$82.14 per sqft
Active
3 Beds
3 Baths
194,800 sqft
Multi-family
Built in 2024
Courtesy of Real Broker
Oppurtunity to purchase and take over the development/completion of a 216-unit apartment complex project.Located in the expanding community of West Salem. Plans and permits for 3-story multiplex complete with fitness center, resident pool & clubhouse, walking trail/green space and on-site management office. Property will be delivered in current state with approx 65% horizontal completed. 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 co broker.
24492370
MLSⓇ ID
May 15, 2024
Listed
August 23, 2024
Updated
Map
2505 WALLACE RD
Salem OR, 97304
Interior Features
Total Stories
3
Bedrooms
3
Total Bathrooms
3
Full Bathrooms
3
Fireplace
No
Cooling
No
Cooling Description
Other
Heating
Yes
Heating Description
Mini Split
Exterior/Building Features
Lot Size
2.64 Acres
Roof
Composition
Sewer
Public Sewer
School Information
High School
West Salem
Elementary School
Harritt
Other Property Details
Area Name
_168
Taxes
$9,029
Tax Frequency
Annually
Days on Market
71
Garage
No
Parking
Assigned
View
No
County
Polk
Water Source
Public Water
Pool
No
Zoning
Multi
Listing Courtesy of Real Broker, Christine Folz. 503-949-3087
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This content last updated on 8/23/2024, 2:47 PM UTC. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available
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