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2505 WALLACE RD

Active

Salem OR 97304

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.

Estimated Mortgage: $110,029/month . Go to mortgage calculator Estimated monthly payment does not include amounts for taxes, insurance premiums and home upgrades. $0 down for Veterans

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2505 WALLACE RD

$16,000,000

  • 194800 sq ft
  • MLS# : 24492370
  • Built in 2024

Nearby Schools

  • Salem-Keizer SD 24j
    Actual schools may vary. We recommend verifying with the local school district, the school assignment and enrollment process.

    Neighborhood Amenities

    • Grocery Stores

      • Roth's Fresh Markets

        1.43 miles away

        1130 Wallace Rd NW

      • Fred Meyer

        1.64 miles away

        2855 Broadway St NE

      • Gutierrez Market

        1.85 miles away

        3493 River Rd N

      • Grocery Outlet

        1.92 miles away

        299 D St NE

      • US Market

        2.05 miles away

        3825 Cherry Ave NE

    • Specialized Stores

      • V G Health

        0.67 mile away

        870 Empire St NW

      • Cachet Tamales Shop

        1.58 miles away

        1105 Wallace Rd NW

      • Salem Sport Nutrition

        1.60 miles away

        525 Taggart Dr NW

      • Great Harvest Bread

        1.62 miles away

        525 Taggart Dr NW

    • Restaurants

      • Cherry City Wings

        0.11 mile away

        1233 Riverbend Rd NW

      • Quesadilla Wizards

        0.11 mile away

        1233 River Bend Rd NW

      • Figaro's Pizza

        1.32 miles away

        1216 Wallace Rd NW

      • Belo's Pizza

        1.40 miles away

        1493 Yakima Ct NW

      • Burger King

        1.40 miles away

        1120 Wallace Rd NW

    • Coffee Shops

      • Starbucks

        1.43 miles away

        1124 Wallace Rd NW

      • Starbucks

        1.57 miles away

        2505 Liberty St NE

      • Dude Donut City

        1.60 miles away

        525 Taggart Dr NW

      • Jamba

        1.63 miles away

        515 Taggart Dr NW

      • Dutch Bros Coffee

        1.73 miles away

        525 Wallace Rd NW

    • Shopping

      • Spice Adult Emporium

        1.94 miles away

        3471 Silverton Rd NE

      • Twigs & Honey

        1.97 miles away

        1107 Edgewater St NW

      • Finders Keepers Unique Boutique LLC

        2.18 miles away

        702 High St NE

      • Footwear Express

        2.23 miles away

        290 Commercial St NE

      • Kohl's

        2.23 miles away

        450 Marion St NE

    • Bars & Nightlife

      • Shack Bar & Grill

        1.53 miles away

        2865 Liberty St NE

      • Scoreboard

        1.55 miles away

        2290 Front St NE

      • Applebee's Grill + Bar

        1.56 miles away

        2625 Liberty St NE

      • Alibi Bar & Grill

        1.58 miles away

        590 Taggart Dr NW


    Please note this information may vary. If you come across anything inaccurate, please contact us

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