5683 Commercial St SE
- Highly desirable commercial site
- Extensive frontage on Commercial Street SE
- Outstanding visibility along a high-traffic retail corridor
- Surrounded by established neighborhoods and new housing, with a deep base of nearby residents
- The site supports a wide range of uses, including restaurants and gas stations, with car washes allowed conditionally and drive-thrus subject to City of Salem development standards
- Buyer is responsible for completing all due diligence
Property Description
The sale is contingent upon the sellers’ completion of the Property Line Adjustment, which is in process. Prime opportunity to acquire a highly visible development site on Commercial Street in South Salem. Zoned MU-III, the property offers flexibility for a wide range of uses, including retail, restaurant, office, personal services, outpatient medical, day care, and multifamily housing. This MU-III zoned site offers flexibility for a wide range of uses, including retail, restaurant, office, personal services, outpatient medical, day care, multifamily housing, and gas stations, with drive-thru permitted and car washes allowed conditionally. Buyer is responsible for completing all due diligence
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $2,500,000 |
| No. of Units: | 1 |
| Year Built: | 1969 |
| Lot Size: | 0.00 Acres |
| Opportunity Zone: | No |
| Price per unit: | $2,500,000 |
| Property Website | Click Here |
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