OR > Salem
Salem, OR 97304,2505 WALLACE RD
Salem, OR 97304,2505 WALLACE RD
Salem, OR 97304,2505 WALLACE RD
Salem, OR 97304,2505 WALLACE RD
Salem, OR 97304,2505 WALLACE RD
Salem, OR 97304,2505 WALLACE RD
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Milan Cole

Milan Cole

+1(503) 953-3416
Listed by Real Broker
$ 16,000,000
Est. payment | /mo

194,800 SqFt

Save
$ 16,000,000
Est. payment | /mo
Save

194,800 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 194,800 sqft

Price per Sqft $82

MLS Listing ID 24492370

Year Built 2024

Annual Tax Amount $9,029

Tax Year 2024

Lot Size 2.640 Acres

Property Description

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.

Location

State OR

County Polk

Community Recreationfacilities

Area _168

Zoning Multi

Rooms

Basement None

Interior

Heating Mini Split

Cooling Other

Exterior

Community Features RecreationFacilities

Roof Type Composition

Garage No

Building

Story 3

Foundation Slab

Sewer Public Sewer

Water Public Water

Level or Stories 3

Schools

Elementary Schools Harritt

Middle Schools Walker

High Schools West Salem

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(503) 953-3416

mcole@jmaproperties.com

205 SE Spokane St #300, Portland, Oregon, 97202, USA

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2505 WALLACE RD