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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.

PROPERTY FEATURES

Sewer : PublicSewer Water Source : PublicWater
Parking Features : Assigned
Exterior Description:CementSiding Roof : Composition
Property Condition : NewConstruction Area : Multi Listing Service : FullService
Heating : MiniSplit Hot Water Description : Electricity
Foundation Details : Slab
Basement : None

PROPERTY DETAILS

Street Address: 2505 WALLACE RD
City: Salem
State: Oregon
Postal Code: 97304
County: Polk
MLS Number: 24492370
Year Built: 2024
Courtesy of Real Broker

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