Land Available For Lease @ 1400 Davis Rd S

The subject property is 10+ acres of RM2 (high density multi-family) zoned land in South Salem. The highest and best uses are: multi-family, zero lot line homes, or a creative subdivision. The property is sloped from south to north giving the rear portion of the property great views. The Seller retained engineering firm HHPR, Inc. to produce some preliminary development site plan ideas which were then provided to the City of Salem for a pre-application conference which was held on December 20, 2021. From those findings HHPR has also been able to provide us an estimated development budget. All of this information is located in our secure documents.

SVN will conduct Phase 1 marketing of the subject property through May 15, 2022 making our due diligence available to all qualified buyers and their brokers. Phase 2 will be a call for offers on/before May 31, 2022. For any additional questions please contact the listing agents. ACCESS TO ALL DOCUMENTS CAN BE FOUND AT: http://properties.svn.com/973510-sale This space offers accomodations for: multifamily.