West Salem Development Land

2001 Wallace Rd NW, Salem, OR 97304

  • For Sale $2,075,000
  • Property Type VacantLand
  • Lot Size 9.12 Acre
  • Date Updated Jul 7, 2025
This offering presents a prime 1.82 and 7.30-acre parcel of Residential Medium Density (RM2) zoned land located in the rapidly growing West Salem neighborhood, directly adjacent to the highly anticipated Marine Drive corridor. With proximity to major transportation routes, expanding infrastructure, and a thriving local community, this site offers significant potential for multifamily development in one of the most promising areas of Salem, Oregon. West Salem is a key growth area within the broader Salem metro region. The city has seen consistent population growth, and as residential demand continues to increase, there is a recognized need for additional housing in the area. The planned improvements to Marine Drive will enhance accessibility, further positioning West Salem as a desirable location for residential development.• ± 1.82 AC and ± 7.20 AC parcels • Zoned RM2 – Residential Medium Density • Approximately 150-unit multifamily development potential • Public utilities at the site along with some street improvements
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Highlights

  • Close proximity to I-5, downtown Salem, and Salem Airport
  • Located in the Willamette Valley with steady regional expansion
  • Near major roads and transportation routes
  • Strong local housing demand driven by population growth

Contacts

broker
Jake Holman

Norris & Stevens

Location

Getting Around

  • Walk Score ®

    4/100 Car-Dependent

  • Bike Score ®

    35/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Salem, OR
  • Neighborhood West Salem
  • Zip Code 97304
  • Market Eugene

Points of Interest

  • Salem

    2.42 miles

  • Brooks Historical Society Depot

    7.10 miles

  • Hopmere Station

    7.19 miles

  • 76

    0.86 miles

  • Space Age

    0.89 miles

  • Circle K

    1.12 miles

  • Pacific Pride

    1.13 miles

  • Blink

    1.23 miles

  • ChargePoint

    1.26 miles

  • Arco Gas Station

    2.12 miles

  • Arco

    2.48 miles

  • Wallace Road Park and Ride

    0.97 miles

  • Riverfront Park (North Lot)

    1.45 miles

  • Marion Parkade

    1.49 miles

  • Chemeketa Parkade

    1.56 miles

  • Riverfront Park (South Lot)

    1.67 miles

  • Liberty Square Parkade

    1.76 miles

  • Green Lot - Dept of Admin Services

    1.77 miles

  • Pringle Parkade

    1.92 miles

  • Walsh's Landing Trailhead

    1.97 miles

  • Trailer Parking

    1.97 miles

  • Holman Riverfront Park Hotel Salem, Tapestry Collection by Hilton

    1.70 miles

  • Grand Hotel

    1.79 miles

  • Motel 6

    2.11 miles

  • Traveler's Inn

    2.16 miles

  • Knights Inn

    2.37 miles

  • Wittenburg Inn

    2.83 miles

  • Holiday Inn

    2.91 miles

  • Shilo Inn and Suites

    2.94 miles

  • Motel 6 Salem

    3.07 miles

  • DoubleTree

    3.07 miles

  • Checkpoint 221

    0.65 miles

  • Figaro's Pizza

    0.76 miles

  • Burger King

    0.84 miles

  • DQ Grill & Chill

    0.87 miles

  • Tamales

    0.91 miles

  • Roger That BBQ

    0.92 miles

  • Chipotle

    0.93 miles

  • Applebee's

    0.93 miles

  • Happy Curry Place

    0.93 miles

  • Slangers

    0.94 miles

  • Harrit Elementary School

    0.60 miles

  • Riviera Christian School

    1.02 miles

  • Highland Elementary School

    1.17 miles

  • Walker Middle School

    1.17 miles

  • Kalapuya Elementary

    1.20 miles

  • Straub Middle School

    1.21 miles

  • Robert W Straub Middle School

    1.24 miles

  • Chapman Hill Elementary School

    1.37 miles

  • Brush College

    1.41 miles

  • Brush College Elementary School

    1.45 miles

  • Wallace Learning Center

    1.07 miles

  • Little Friends Montessori School

    1.86 miles

  • Little Village Learning Center

    1.94 miles

  • East Salem Headstart (pre-school)

    3.95 miles

  • Kuebler Early Learning Center

    5.66 miles

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Contact Listing Broker
broker
Jake Holman

Norris & Stevens

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