Marcus & Millichap Lists $14.6M Sustainable Development Site in Salem, OR

SALEM, OR– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for Sustainable Fairview Salem (top left photo) , a 125.46-acre sustainable infill development site in Salem.

The listing price of $14,678,820 represents approximately $15,000 per paper lot.

Paul Edwards, a senior associate, and Will Stone, an investment specialist, both in the firm’s Portland office, are representing the seller, a local investor group.

“Sustainable Fairview Salem has a master plan and significant support by the city of Salem,” says Edwards. “The site is ideal for a master developer to develop a sustainable community/residential environment as a complete or phased development. Extensive documentation and planning documents will be made available to prospective buyers,” adds Edwards.

The 125.46-acre parcel of land is located within the 275-acre former Fairview Training Center sustainable development site in Salem. It is adjacent to other sustainable developments at 2250 Strong Rd. SE, three miles from the center of Salem and one mile from the Salem Municipal Airport. The site offers views of the Cascade mountain range and Willamette Valley.

The Sustainable Fairview Salem master plan will support a variety of uses, including commercial and residential properties, with up to a maximum of 1,000 residential units or lots. The two schools planned for the development have purchased their sites.

The property is available for purchase in increments of approximately one-acre each, up to 125 acres. Seller financing is available.

Contact: Stacey Corso, Public Relations Manager, (925) 953-1716