Salem, OR 97304,370 Veall LN NW
Salem, OR 97304,370 Veall LN NW
Salem, OR 97304,370 Veall LN NW
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Listed by Real Broker
$1,100,000
Est. payment /mo
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7,350 SqFt
Price Dropped by $150K

370 Veall LN NW Salem, OR 97304

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UPDATED:

09/10/2024 03:36 PM

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 7,350 sqft

Price per Sqft $149

MLS Listing ID 23136436

Year Built 1916

Annual Tax Amount $7,682

Tax Year 2022

Lot Size 1.250 Acres

Property Description

Prime redevelopment opportunity in West Salem! Potential for a variety of uses, including multi-family housing, apartments, office space, retail shops, cafes & restaurants. Five contiguous parcels totaling around 1.25 acres (including the current alley). Located within the West Salem Central Business is already zoned for commercial & mixed-use developments. Existing structures (residential homes, a pole building & a mini storage business) could either be leveraged in the redevelopment plans or potentially cleared for a fresh start. Current rents being below market value indicates a potential for increased revenue.

Location

State OR

County Polk

Area _168

Zoning IP

Interior

Heating Other

Exterior

Garage No

Building

Sewer Public Sewer

Water Public Water

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional


Regional Multiple Listing Service (RMLS)

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Whitney Johnson

Owner/Broker | License ID: 90947

+1(509) 240-6438

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