Map of Property

740 Bassett St NW

740 Bassett St NW, Salem, OR 97304

  • For Sale $6,495,000
  • Property Type VacantLand
  • Property Size 230,432.4 SF
  • Lot Size 5.29 Acre
  • Additional Rent Contact for pricing
  • Building Class C
  • Date Updated Nov 29, 2024

This flat, rectangular site is primed for redevelopment under the current MU-III zoning which encourages infill development and redevelopment in mixed-use corridors and promotes pedestrian access. This zone generally allows a variety of retail and office uses, commercial services, and multiple family residential uses. 

With the city’s recent completion of 2nd Street connecting Wallace Road to the site’s southern boundary, including the completion of pedestrian connections and landscaping, this site is a blank slate waiting for a developer’s vision to be realized. The West Salem trade area is underserved for its growing population and sample site plans show numerous options for multi-family, retail, office and hospitality. With four universities within a 25-mile radius, and over 40,000 VPD in front of this site, it is ready for new life. Because this site contains space underground in an existing structure for an estimated 50 vehicles, there is more capacity for on-grade maximization.

This property is located within the West Salem Urban Renewal Area which provides opportunity to leverage city grant funds to enhance project viability. Current maximum grant amount is $300,000 but the urban renewal agency will consider exceptions to that limit on a case by case basis depending on need and impact of the project to the community.

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Contacts

broker
Jennifer Martin Is this you?

First Commercial Real Estate

Location

Getting Around

  • Walk Score ®

    66/100 Somewhat Walkable

  • Transit Score ®

    46/100 Some Transit

  • Bike Score ®

    72/100 Very Bikeable
Powered by Walk Score ®
  • City Salem, OR
  • Neighborhood West Salem
  • Zip Code 97304
  • Market Eugene

Points of Interest

  • Salem

    1.42 miles

  • Brooks Historical Society Depot

    8.17 miles

  • Hopmere Station

    8.26 miles

  • Pacific Pride

    0.10 miles

  • Circle K

    0.11 miles

  • Space Age

    0.34 miles

  • Blink

    0.46 miles

  • Arco Gas Station

    0.92 miles

  • ChargePoint

    1.06 miles

  • 76

    1.46 miles

  • Arco

    1.66 miles

  • Shell

    1.67 miles

  • Chevron

    1.87 miles

  • Riverfront Park (North Lot)

    0.44 miles

  • Riverfront Park (South Lot)

    0.54 miles

  • Chemeketa Parkade

    0.60 miles

  • Liberty Square Parkade

    0.69 miles

  • Marion Parkade

    0.72 miles

  • Pringle Parkade

    0.82 miles

  • Salem Library Parkade

    0.88 miles

  • Reserved Lot A

    1.01 miles

  • M Lot

    1.06 miles

  • Green Lot - Dept of Admin Services

    1.06 miles

  • Holman Riverfront Park Hotel Salem, Tapestry Collection by Hilton

    0.60 miles

  • Grand Hotel

    0.69 miles

  • Knights Inn

    1.55 miles

  • Howard Johnson by Wyndham Salem

    2.23 miles

  • Motel 6

    2.57 miles

  • Traveler's Inn

    2.60 miles

  • Shilo Inn and Suites

    2.75 miles

  • Holiday Inn

    2.77 miles

  • Motel 6 Salem

    2.82 miles

  • Holiday Lodge Motel

    2.88 miles

  • Carl's Jr.

    0.05 miles

  • Jersey Mike's Subs

    0.05 miles

  • Taco Bell

    0.06 miles

  • Hawaiian Time

    0.08 miles

  • McDonald's

    0.11 miles

  • Subway

    0.13 miles

  • Pizza Hut

    0.14 miles

  • La Hacienda Real

    0.14 miles

  • Panda Express

    0.15 miles

  • Jamba

    0.15 miles

  • Walker Middle School

    0.46 miles

  • Johnny Matthew's Hairdressing Training School

    0.64 miles

  • Ink Theory Tattoo School

    0.67 miles

  • Portland State University

    0.73 miles

  • Saint Joseph Catholic School

    0.97 miles

  • Collins Legal Center

    1.02 miles

  • Atkinson Graduate School of Management

    1.04 miles

  • Grant Community School

    1.20 miles

  • Myers Elementary School

    1.28 miles

  • Parish Middle School

    1.29 miles

  • Wallace Learning Center

    0.16 miles

  • Little Village Learning Center

    0.83 miles

  • Little Friends Montessori School

    0.97 miles

  • East Salem Headstart (pre-school)

    3.85 miles

  • Kuebler Early Learning Center

    4.44 miles

Frequently Asked Questions

How much does 740 Bassett St NW cost?

The space currently listed for sale at 740 Bassett St NW asks for $6,495,000.

What is the total square footage of 740 Bassett St NW?

740 Bassett St NW totals 5 square feet.

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Contact Listing Broker
broker
Jennifer Martin Is this you?

First Commercial Real Estate