3005 Portland Rd NE, Salem, OR

Land for Sale - $365,000


Agent Info

Alex Rhoten

Property Info

CIMLS#1179412
Location
  3005 Portland Rd NE
  Salem OR 97301
UpdatedAugust 8th, 2025
TypeLand
Price$365,000

Property Description

Consisting of five tax lots totaling approximately .53 acres, is ideally situated near I5

and boasts urban renewal incentives. With its advantageous location and IC zoning

with Portland/Fairgrounds Overlay, this offering holds immense potential for

development.

Urban Renewal allows for a 1:1 match of applicable expenses (see link for details).

Example: $600,000 is spent on applicable costs, Buyer can get up to $300,000

reimbursed. Buyer to confirm terms and stipulations with the city.


Financials



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