Redevelopment Opportunity | West Salem
$1,460,000
2540 Michigan City LN NW Salem, OR 97304
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About this listing
DESCRIPTION
This outstanding Residential Development opportunity is located in the highly desirable West Salem Community adjacent to the newly completed Misty Meadows residential community! The sale consists of an assemblage of two separate tax lots; one is currently in Farm Deferral, an approximately 2873/SF single-family residence with 4/bd and 2.5/baths, and one shop approximately 1920/SF, and one barn.
The property does have the potential to develop rental income while going through the approval process.
HIGHLIGHTS
- Currently zoned Polk County (SR) Suburban Residential Inside the Urban Growth Boundary for the City of Salem Designated (DR) Developing Residential in the Salem Area Comprehensive Plan Flat topography In the direct path of progress for residential development Stunning views of the Cascade Mountain Range Properties are being sold in AS-IS Where Is Condition Buyer responsible for all due diligence
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Lot Area
4.8 acres
