Madras and Commercial St S
$1,074,000
Madras and Commercial St S Salem, OR 97306
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About this listing
DESCRIPTION
Sought after 1.21 gross acres on the corner of Madras and
Commercial St SE - high visibility near a signalized intersection.
Site has a SW slope and contains fill from the adjacent site, the
Buyer to complete due diligence on the use or removal of fill. The
site has a 30 Ft wide access easement along the west side of the
property line (approximately 8,218 +/- SF) + green space between
the road and the property line (approximately 12 Ft wide / 2650
+/- SF). Net usable size is estimated at 41,839.23 SF - Buyer to
independently verify and complete Buyers own due diligence.
AREA
South Salem is being redeveloped with new businesses and more
multifamily housing. The site is part of the South Gate Overlay
Zone. Located on the corner of SE Madras St and SE Commercial
St, this piece of bare land property is less than a mile to I-5 S and
less than 3 miles to I-5 N. The property has a traffic light at the
intersection, providing easy access to Commercial Street.
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Lot Area
1.21 acres
