$16,000,000
- Beds
- 3
- sq ft
- 194,800
2505 Wallace Rd NW, Salem, OR 97304
2505 Wallace Rd NW
Salem, OR 97304
- 230 days on market
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.
Details
Property type
Property condition
New Construction
Lot size
2.64 acres
Price per sq ft
$83
Year built
2024
Annual property taxes
$9,029
Price History
09/22/2024
PortlandOR #24492370
Removed
$16,000,000
08/06/2024
PortlandOR #24492370
Listed
$16,000,000
05/24/2024
PortlandOR #24492370
Removed
$16,000,000
Schools & Community
Neighborhood:
West Salem
Elementary school:
Harritt
Middle school:
Walker
High school:
West Salem
Status: Active
Tomo last checked: 12/31/2024 at 1:30 AM
Listing updated: 09/22/2024 at 1:47 PM
Listed by: Christine Folz, Real Broker Phone #: (503) 360-1640
MLS: PortlandOR #24492370
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