2499 (-2539) Wallace Rd, Salem

$20,000,000

0 Bed
0 Bath
194,800 Sqft
0 Acre
0 Garage

Oppurtunity to purchase and take over the development/completion of a 201-unit apartment complex project.Located in the expanding community of West Salem,this property will be delivered with all horizontal work complete including excavation,public & private pipe work, electrical & water. Plans and permits for 3-story multiplex complete with fitness center, resident pool & clubhouse, walking trail/green space and on-site management office. Horizontal phase to be completed prior to sale. 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 brokers.

Essential Information
MLS® #23348074
Price$20,000,000
Bathrooms0.00
Square Footage194,800
Acres0.00
Year Built2024
TypeMulti Family
StatusActive
Community Information
Address2499 (-2539) Wallace Rd
Area168 - Polk Co: West Salem N
SubdivisionRiverbend Apartments
CitySalem
CountyPolk
StateOR
Zip Code97304
Amenities
ParkingAssigned
Interior
HeatingMini Split
CoolingOther
# of Stories3
BasementNone
Exterior
ExteriorCement Siding
RoofComposition
FoundationSlab
School Information
ElementaryHarritt
MiddleWalker
HighWest Salem
Additional Information
Date ListedJuly 10th, 2023
Days on Market147
ZoningMulti
Listing Details
OfficeReal Broker
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Listing information last updated on December 4th, 2023 at 10:10pm PST.