1684 Doaks Ferry Road, Salem, OR

Land for Sale - $4,950,000 - 11 acres


Agent Info

Alex Rhoten

Property Info

CIMLS#1113296
Location
  1684 Doaks Ferry Road
  Salem OR 97304
UpdatedApril 18th, 2024
TypeLand
Price$4,950,000
Land11 acres

Property Description

Located on the corner of Doaks Ferry Rd NW and Orchard Heights Rd NW, this prime development property is only 1.7 miles to neighborhood retailers such as Roth's Fresh Market, Starbucks, Chevron Gas. Across the bridge and into downtown Salem is only 3 miles away. There are numerous wineries located within a 5 mile radius and access to Hwy 22 W is a little over a 5 min drive.

Buyer to be responsible for verifying occupancy with City of Salem

11.82 AC*

Lots 1201, 1200, and 1300

APN #s: 569347, 314916, and 270650

(*Seller's total AC differs from county assessors office.)

This rolling development property consists of approximately 11.82 acres of residential agriculture (RA) land. These development parcels have stunning mountain and city views and are located across from West Salem High School. They provide easy access to Salem/West Salem via Orchard Heights Road or Highway 22 via Doaks Ferry Road. The current proposed site plan consists of approx. 4.65 AC, which includes 29 approved lots, an additional approx. 4.09 AC of land which still needs an approved site plan, and approx. 0.95 AC of designated space for retention ponds. With the recent passing of the Housing Choices (House Bill 2001), there is the potential for duplexes and triplexes to be built on the approved 29 lots (depending on the specific lot's square footage). The 4.09 AC could be partitioned off into more individual parcels, or left as one parcel, which the owner and civil engineer believe could be rezoned to a high-density RM code. Buyer is to do their own due diligence.

**This information is subject to change.**


Financials