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Located at 2505 Wallace Rd, Salem, Oregon 97304, this Multi Family is for Sale with a price of $16,000,000 USD. The property was built in 2024,. This listing has 194,800 Sq.Ft. of interior space on a lot of 2.64 Acres. See all Homes for Sale in Salem.
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OregonSalem2505 Wallace Rd
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2505 Wallace Rd
Salem, OR 97304

$16,000,000
for sale
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8. 2505 Wallace Rd
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Multi Family
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Description

2505 Wallace Rd,

Salem, OR 97304

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.

This is an Active listing.

Broker Office Phone Number: 503-360-1640

Copyright © 2024Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Amenities

  • Composition Shingle Roof
  • Assigned Parking
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All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any descriptions, measurements, square footages or acreage and should not be relied upon as such. All information herein should be confirmed by the customer. All rights to all content, including but not limited to photographs, videos and other graphics, are reserved to exclusively to the Broker who supplied such listing content. All advertising on this site is subject to the Federal Fair Housing Act.

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Listing By: Real Broker via Data Source: Regional Multiple Listing Services 
$16,000,000
Change Currency
$82
Price Per Sqft
$9,029
Annual taxes
Multi Family
Property type
2024
Year Built
Harritt
Schools
Harritt
Elementary
Walker
Middle
West Salem
High
11627400
Web Id
24492370
MLS ID
191
Days Posted

Price History

datepricevariancetype
5/15/2024$16,000,000-Listed
listing agent: CHRISTINE FOLZ
more info
194,800 Sq Ft.
interior
2.64 Acres
Exterior
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