Apr 5, 2022 |
Rare Development Opportunity in West Salem
Property Type: Orchard Heights Land Development Price: $37.9 Million Location: Salem, OR
Description: The Orchard Heights Land Development is owned by a local, long-time real estate development family, who began acquiring the land in 1962. This property is rare in that it is one of the largest remaining developable land parcels within the Salem city limits and the UGB. With 133.9 AC, this asset has three land terraces allowing for different densities and views of Oregon's Cascade mountain range. As one of the highest demographic areas in Salem, this property is currently zoned RA (residential agriculture) but has plans for sections to be rezoned for purposes in high-density multi-family, single-family, and commercial uses by Fall 2022.
Alex Rhoten 503.587.4777 | arhoten@cbcre.com
Coldwell Banker Commercial Mountain West Real Estate 365 Bush Street SE Salem, OR 97302