2499 ( 2539) Wallace Rd is a $20,000,000, 194,800 square foot, 6 bedroom, 7.0 bath home located in Salem, OR.
Oppurtunity to purchase and take over the development/completion of a 201-unit apartment complex project.Located in the expanding community of West Salem,this property will be delivered with all horizontal work complete including excavation,public & private pipe work, electrical & water. Plans and permits for 3-story multiplex complete with fitness center, resident pool & clubhouse, walking trail/green space and on-site management office. Horizontal phase to be completed prior to sale. 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 brokers.
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