For Sale

West Salem Development Land

2001 Wallace Rd NW, Salem, OR 97304

This offering includes two prime parcels — 1.88 acres and 7.24 acres — zoned RM2 (Residential Medium Density) and located in West Salem, OR, directly adjacent to the newly completed section of Marine Drive. This property has about 7 acres of buildable land and has development potential for approximately 250 apartment units. With proximity to major transit corridors, expanding infrastructure, and a thriving local community, this property is well positioned for 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.• ± 1.88 AC and ± 7.24 AC parcels • Zoned RM2 – Residential Medium Density • Approximately 250-unit multifamily development potential • Public utilities at the site along with some street improvements

Key features

  • 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
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Reach out to the broker for more info on lease terms and amenities

Contacts

Jake Holman

Norris & Stevens

Building Details

  • For Sale $1,975,000
  • Property Type VacantLand
  • Lot Size 9.12 Acre
  • Date Updated May 12, 2026

Attachments

Getting Around

  • Walk Score ®

    Car-Dependent (4)

  • Bike Score ®

    Somewhat Bikeable (35)
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Location

  • City Salem, OR
  • Neighborhood West Salem
  • Zip Code 97304
  • Market Eugene

Points of Interest

Brooks Historical Society Depot

7.10 miles

Hopmere Station

7.19 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

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

John's Car Wash

1.60 miles

Soap 'n' Suds

1.68 miles

Big Red Car Wash

3.12 miles

Power Kia

3.17 miles

Washman

3.39 miles

Magic Touch

3.40 miles

Roberson's Car Wash

3.93 miles

Enterprise

3.93 miles

Car'l B Klean Self Serve

4.01 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

Fred Meyer

1.08 miles

Grocery Outlet

1.20 miles

Ross

1.54 miles

Kohl's

1.55 miles

Salem Center (North)

1.55 miles

Salem Center (South)

1.60 miles

Macy's

1.60 miles

Reed Opera House

1.66 miles

Safeway

1.76 miles

DaVita Dialysis

0.97 miles

Walgreens

1.05 miles

SwiftCare Urgent Care

1.12 miles

Fire Station #11

1.20 miles

Salem Free Clinics

1.25 miles

Salem Police Department

1.34 miles

Salem fire station #2

1.51 miles

Salem Clinic

1.61 miles

AIYANA Aesthetics

1.67 miles

2001 Wallace Rd NW Listing Summary

  • What is the asking price at West Salem Development Land?

    West Salem Development Land is currently listed for sale at Contact for pricing.

Contact Listing Broker
Jake Holman

Norris & Stevens

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