$ 16,000,000
2505 WALLACE RD Salem, OR 97304
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Listed by Real Broker
$ 16,000,000
Est. payment | /mo
194,800 SqFt
$ 16,000,000
Est. payment | /mo
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
Parking Type Assigned
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
