Turner Rd landscape

Unparalleled potential

Discover a rare development opportunity with this 390-acre property within city boundaries.

Summary

Herron Crossing is a prime development opportunity inside the City of Salem limits. Situated just 7 miles southeast of downtown Salem, 1.1 miles from Interstate 5, and 1.9 miles from Highway 22, this property is the last and largest of its kind within city boundaries. It shows off with a unique blend of rural tranquility, impressive natural features, and suburban convenience.

The property neighbors Turner Lake and Corban University with easy access to major amenities including an airport and big-box retail. One of the best features of the site is one that can't be seen - the residential areas at the southern end of the property are within the Cascade School District, a highly sought after district within the Willamette Valley.

Some highlights include already in-place income of over $18k/mo, joint venture partnership opportunities, flexible options, zoning change complete, nature trails and recreation possibilities with a proposed 80-acre park with over a mile of Mill Creek Access.

Seize the chance to shape the future of this evolving rural-suburban area. Whether you're looking to invest in a premier development project or seeking a strategic partnership, this property promises unparalleled potential.

Chain hanging on a steel beam

390 acres

$64,103/acre

$25,000,000

Location

Address

5465 Turner Road SE

City

Salem

State

Oregon

Zip Code

97317
Zoning map

Zoning

General Industrial

IG

Industrial Commercial

IC

Residential

RES

Mixed-Use

MU-III

Property Taxes

Parcel No.

327913

Land Assessment

$0

Improvements Assessment

$0

Total Assessment

$11,081,720