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Wallace Rd NW
Salem, OR 97304 West Salem

$2,075,000 USD

Land For Sale • 9.12 AC

Property Details

Property Type Land
Lot Size 9.12 AC
Zoning RM2

23 Transit Score

17 Walk Score

Description

This offering presents a prime 1.88 and 7.24-acre parcel of Residential Medium Density (RM2) zoned land located in the rapidly growing West Salem neighborhood, directly adjacent to the highly anticipated Marine Drive corridor. With proximity to major transportation routes, expanding infrastructure, and a thriving local community, this site offers significant potential for multifamily development in one of the most promising areas of Salem, Oregon.
West Salem is a key growth area within the broader Salem metro region. The city has seen consistent population growth, and as residential demand continues to increase, there is a recognized need for additional housing in the area. The planned improvements to Marine Drive will enhance accessibility, further positioning West Salem as a desirable 
location for residential development.

                
                    Highlights
                
                                Close proximity to I-5, downtown Salem, and Salem Airport
                            
                                Near major roads and transportation routes
                            
                                Strong local housing demand driven by population growth
                            
                                Located in the Willamette Valley with steady regional expansion

Property Flyers

Wallace Land-West Salem Dev Land-OM

Public Transportation

Commuter Rail	Drive	Walk	Distance
Salem (Amtrak Cascades - Amtrak, Coast Starlight - Amtrak)	8 min	-	3.3 mi

Jake Holman 503-351-9027 Norris & Stevens, Inc.

Wallace Rd NW Salem, OR 97304 West Salem