2505 Wallace Road Northwest
$16,000,000
—
194,800
194,800
$82
Description
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...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.
- Listed by Christine Folz • Real Broker
- Listed by Ali Morrison • Windermere Heritage
Property Details for 2505 Wallace Road Northwest
Parking Features
Assigned
ZoningMulti
LISTING UPDATED: 08/06/2024 04:00 PM
Property Details for 2505 Wallace Road Northwest
Status | Active |
---|---|
MLS # | 24492370 |
Days on Market | 193 |
Taxes | $9,029 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family |
Year Built | 2024 |
Lot Size | 2.64 AC / 114,998 SF |
County | Polk County |
Building Information for 2505 Wallace Road Northwest
Stories3Residences217Year Built2024Building Size-Lot Size2.64 AC / 114,998 SF
Property Information for 2505 Wallace Road Northwest
Schools near 2505 Wallace Road Northwest
This home is within Salem-Keizer School District 24j.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 6 to 8 |
Rating | School | Distance |
---|---|---|
Harritt Elementary School PublicK to 5 | ||
Walker Middle School Public6 to 8 | ||
West Salem High School Public9 to 12 | ||
Jane Goodall Environmental Middle Charter School Charter6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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