3005 NE Portland Rd, Salem, OR 97301

Salem
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
Listed by: alex rhoten, kelsi sandsAgent: 503-587-4777
Office: coldwell bnkr/commercial div503-588-3508
MLS#:832067
Source:OR_WVMLS
3005 NE Portland Rd,Salem, OR 97301
$365,000
  • 0.53 Acres
  • Lots / Land
  • Active

Price summary

  • Price:$365,000

About this home

Consisting of five tax lots totaling approximately .53 acres, is ideally situated near I5and boasts urban renewal incentives. With its advantageous location and IC zoningwith Portland/Fairgrounds Overlay, this offering holds immense potential fordevelopment.Urban Renewal allows for a 1:1 match of applicable expenses (see link for details).Example: $600,000 is spent on applicable costs, Buyer can get up to $300,000reimbursed. Buyer to confirm terms and stipulations with the city. Nearby, you'll find the Oregon State Capitol, Salem Convention Center, and Riverfront Park, providing prime access to government, business, and recreational facilities. The area also benefits from the North Gateway Grant Program, offering financial incentives for property improvements and business development. Enjoy a variety of dining options, local shops, and easy access to major transportation routes, including the I-5,just a short distance away.

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Home facts

  • Listing ID #:832067
  • Added:253 day(s) ago
  • Updated:April 10, 2026 at 02:32 PM

Structure and exterior

  • Lot area:0.53 Acres

Finances and disclosures

  • Price:$365,000
MLS LogoBased on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.

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