2505 WALLACE RD NW
SALEM, OR 97304

$16,000,000

0 Beds

0 Baths

194,800 Sq Ft

Status Active

MLS# 24492370

Oppurtunity to purchase and take over the development/completion of a 201-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.

Details for 2505 WALLACE RD NW

$82 / Sq Ft

0 parking spaces

MiniSplit

17 Days on website

2.64 acres lot

Interior

Living Area

194,800 SqFt.

Building And Construction

Number Of Units Total

202

Property Sub Type

Multi Family

Property Type

Residential Income

Year Built

2024

Exterior And Lot

Lot Size Acres

2.64

Lot Size Square Feet

114998

Parking Features

Assigned

Zoning

Multi

Utilities

Cooling

["Other"]

Heating

MiniSplit

Area And Schools

City

Salem

Community Features

RecreationFacilities

County Or Parish

Polk

Elementary School

Harritt

High School

West Salem

Middle Or Junior School

Walker

Financial Info

Buyer Agency Compensation^*

1.5%

^*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Tax Annual Amount

$9,029

Tax Year