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First Commercial Real Estate
3550 Liberty Road South, Suite 290
Salem, Oregon 97302-5622
Phone: 503.364.7400   |   Fax: 503.364.7422

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South Salem Commercial Development Land

• Property is commercially zoned with the designation CR (Commercial Retail) and said zone will support a large variety of commercial uses - retail, office, medical, financial and more
• Utility services are to the property
• Located in south Salem with quick access to I-5

Property Details:

Fairway Ave. SE and SW Corner of Commercial St. SE
Salem, OR 97306
Price: $695,000.00 ($11.73/SF)
Available SF: Approx. 1.36 acres of land
Zone: CR (Commercial Retail)
Type: Land, Retail
Term: Sale
Broker: Terri Frohnmayer

State Street - Commercial Development Land

This commercial development land is located along State Street, a major arterial into and out of downtown Salem.  The property consists of one tax parcel fronting State Street, approximately 116 linear feet. All city services are to the site (electricity, natural gas, water/sewer and phone/data access). Property lies within the 100-year floodplain.

The property was rezoned in 2008 to Commercial Retail (CR) and proposed preliminary plans allow for a two story professional office/medical building approximately 4,500 SF with 1,500 SF on the main level and an ADA second level of 3,000 SF. With the 4,500 SF office building the parking ratio is 4.5 / 1,000. The owner will build-to-suit and provide a turnkey project for a qualified Buyer.

Property Details:

2020 State Street
Salem, OR 97301
Price: $230,000
Available SF: 0.413 acre (18,000 SF)
Zone: CR (Commercial Retail)
Type: Land
Term: Sale
Broker: Terri Frohnmayer

West Salem: 8.26 Acres RA Zoned Bare Land

8.26 Acres zoned RA, located just inside the Urban Growth Boundary with City services to the site.  The West Salem Neighborhood Plan gives right to a comp plan change to rezone this piece to RM.  The site sits east of Windsong at Eola Hills, southeast of Willamette Park Apartmnets and northeast of Aspen Grove Apartments.  

  • Seller has an active fill permit for 5 of the 8 acres.  Seller has been bringing fill in over the past five years.  
  • Site plan available for 118 units with five 12-unit buildings, three 18-unit buildings, and four townhouses.  
  • 25' wide access easement across adjoining 2030 Wallace Road NW.  

Property Details:

8.26 Acres Wallace Rd. NW
Salem, OR 97304
Price: $1,200,000
Available SF: 8.26 Acres
Zone: RA
Type: Land
Term: Sale
Broker: Ruth Dana