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$7,727,700 / 2089473ft2 - 48 Acre Opportunity within South Salem's Urban Growth Boundary (Salem, OR)

7102 Cains Pl SE, Salem, OR, OR 97306

7102 Cains Pl SE

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2089473ft2
license info: 201215479
Prime 48-acre property nestled within South Salem's Urban Growth Boundary, strategically positioned alongside the prestigious Cinnamon Hill and Sabre Ridge neighborhoods. Adjacent RS (single-family) zoning to the West and RM2 (multifamily) zoning to the North.
The current ownership is actively pursuing annexation, ensuring that this property will undergo a zoning transformation to DR (Developing Residential) upon entering the city limits. This strategic move enhances the development possibilities and ensures a lucrative investment for the future.
Key Features:
• Location: Strategically situated for growth, adjacent to sought-after neighborhoods and within the Urban Growth Boundary.
• Zoning Potential: Transitioning from RS to DR zoning, providing versatile residential development opportunities.
• Infrastructure: Street and utility stubs at the west and north ends facilitate easy development planning.
• Development Options: Ideal for a planned unit development (PUD) or subdivision, catering to various investor preferences.
• Existing Structures: Two well-maintained dwelling units and multiple outbuildings offer immediate value.
This property presents a rare chance for investors seeking a well-connected and ready-to-develop parcel in a rapidly growing area. Contact us for more details.

RMLS# 23134773
WVMLS# 811723

Listing Courtesy of:
GoodHome Group
goodhomebroker.com

Mark Shadrin
Berkshire Hathaway HomeServices
Real Estate Professionals
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Andrea Gonzalez
Berkshire Hathaway HomeServices
Real Estate Professionals
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post id: 7758797850

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