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

  2505 Wallace Rd Salem, OR 97304

Active (178 Days)
$16,000,000
194,800
SQFT

Description

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.

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 Nov 8 2024 at 4:51 PM PST
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
Location
   
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