2505 Wallace Rd Salem, OR 97304
Listing Courtesy of: RMLS / Real Broker / Windermere Heritage / Ali Morrison

  2505 Wallace Rd Salem, OR 97304

Active (70 Days)
$16,000,000
194,800
SQFT

Description

Oppurtunity to purchase and take over the development/completion of a 201-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.

MLS #:
24492370
Taxes
$9,029(2024)
Lot Size
2.64 acres
Type
Multifamily
Year Built
2024
County
Polk County

Listed By

Christine Folz, Real Broker
Ali Morrison, Windermere Heritage
Source
RMLS
Last checked Jul 24 2024 at 10:02 AM GMT+0000
Bathroom Details
Property Features
  • Foundation: Slab
Heating and Cooling
  • Mini Split
  • Other
Exterior Features
  • Cement Siding
  • Roof: Composition
Utility Information
  • Sewer: Public Sewer
  • Fuel: Electricity
School Information
  • Elementary School: Harritt
  • Middle School: Walker
  • High School: West Salem
Parking
  • Assigned
Stories
  • 3
Additional Listing Info
  • Buyer Brokerage Commission: 1.5
Location
   
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Disclaimer: The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than (fill in the site owning Broker company name here) are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 RMLS™, Portland, Oregon All information provided is deemed reliable but is not guaranteed and should be independently verified. Last Updated: 7/24/24 03:02