High Traffic Retail Redevelopment Opportunity

3297 River Rd N, Salem, OR 97303

  • For Sale $799,900
  • Property Type VacantLand
  • Units 4
  • Lot Size 0.7 Acre
  • Property Tenancy Single Tenant
  • Year Built 1939
  • Year Renovated 2001
  • Date Updated Aug 14, 2025
Perfect for an investor with an eye for potential, the area surrounding 3297 River Rd N in Salem, OR, offers an array of compelling opportunities. Situated in a vibrant and developing part of town, the location is ideal for a potential land or retail-pad investor seeking a prime spot. With easy access to major roadways and close proximity to notable landmarks and growing residential communities, this area holds great promise for those looking to capitalize on its strategic positioning. Nearby points of interest include the picturesque Willamette River, charming local shops and restaurants, and convenient transportation hubs. For an investor with vision, the possibilities in this area are limitless.This is a redevelopment opportunity at a signalized intersection on the south end of River Road N, where Salem and Keizer meet, just blocks north of the Salem Parkway. The longtime home to a local upholstery business, the highest and best use is for commercial retail or office redevelopment. It is on the west "going to work" side of River Road and has its highest traffic counts in the morning as commuters travel to work from Keizer to Salem. A customer making a right turn out of this location has easy access to either River Road/Commercial Street NE into Salem or Broadway St NE to the Salem Parkway.
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Highlights

  • Easy access to Salem Parkway and Interstate 5
  • Nearly 30,000 vehicles per day pass by this location
  • Signaled intersection access
  • Situated within a business-friendly municipality
  • Zoned Salem-MU-III, encompassing a plethora of uses (check local jurisdiction)

Contacts

broker
Toran Schmidgall

SVN | Commercial Advisors

Location

Getting Around

  • Walk Score ®

    71/100 Very Walkable

  • Transit Score ®

    34/100 Some Transit

  • Bike Score ®

    75/100 Very Bikeable
Powered by Walk Score ®
  • City Salem, OR
  • Neighborhood Higland
  • Zip Code 97303
  • Market Eugene

Points of Interest

  • Salem

    2.86 miles

  • Brooks Historical Society Depot

    5.97 miles

  • Hopmere Station

    6.06 miles

  • 76

    0.14 miles

  • ChargePoint

    0.33 miles

  • Blink

    0.36 miles

  • Pacific Pride

    1.63 miles

  • Space Age

    1.97 miles

  • Pulse

    2.19 miles

  • Electrify America

    2.20 miles

  • North Salem Safeway Park and Ride

    1.56 miles

  • School House Square Parking lot

    1.66 miles

  • Walsh's Landing Trailhead

    1.77 miles

  • Trailer Parking

    1.79 miles

  • Wallace Road Park and Ride

    1.84 miles

  • Rodeway Inn

    1.98 miles

  • Marion Parkade

    2.03 miles

  • Green Lot - Dept of Admin Services

    2.11 miles

  • Riverfront Park (North Lot)

    2.20 miles

  • WalMart North Park and Ride

    2.21 miles

  • Motel 6

    1.07 miles

  • Traveler's Inn

    1.11 miles

  • Wittenburg Inn

    1.84 miles

  • Rodeway Inn

    1.98 miles

  • Holiday Inn

    2.31 miles

  • Shilo Inn and Suites

    2.38 miles

  • Holman Riverfront Park Hotel Salem, Tapestry Collection by Hilton

    2.43 miles

  • Capital Inn & Suites

    2.45 miles

  • DoubleTree

    2.48 miles

  • Grand Hotel

    2.48 miles

  • Pho Keizer

    0.12 miles

  • KFC

    0.15 miles

  • Los Dos Hermanos

    0.30 miles

  • McDonald's

    0.32 miles

  • Carl's Jr.

    0.32 miles

  • Burger King

    0.34 miles

  • Happy Curry Place

    0.47 miles

  • Subway

    0.58 miles

  • Applebee's

    0.58 miles

  • Teriyaki Town

    0.62 miles

  • Oregon School for the Deaf

    0.69 miles

  • Highland Elementary School

    1.00 miles

  • Saint Vincent de Paul Catholic School

    1.05 miles

  • Claggett Creek Middle School

    1.15 miles

  • Weddle Elementary School

    1.17 miles

  • Cummings School

    1.25 miles

  • Grant Community School

    1.58 miles

  • Washington Elementary School

    1.61 miles

  • Waldo Middle School

    1.62 miles

  • Hallman Elementary School

    1.63 miles

  • Wallace Learning Center

    2.05 miles

  • Little Friends Montessori School

    2.34 miles

  • Little Village Learning Center

    2.63 miles

  • East Salem Headstart (pre-school)

    3.16 miles

  • Kuebler Early Learning Center

    6.35 miles

Frequently Asked Questions

How much does High Traffic Retail Redevelopment Opportunity cost?

The space currently listed for sale at High Traffic Retail Redevelopment Opportunity asks for $799,900.

When was this property built?

High Traffic Retail Redevelopment Opportunity was built in 1939.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Toran Schmidgall

SVN | Commercial Advisors

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