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1800 Cordon Rd SE
Salem, OR 97317
Asking Price
$5.08M
Asset Type
Residential Land
Class
Class B
What's Special
FOR SALE | 19.26 AC Development Land in South Salem <ul><li><span style="color: rgba(33, 37, 41, 1)">Seller has initiated the annexation process with the City of Salem</span></li><li><span style="color: rgba(33, 37, 41, 1)">Flexible Industrial Zoning during annexation process</span></li><li><span style="color: rgba(33, 37, 41, 1)">Located along a proven industrial corridor adjacent to Amazon, Home Depot, Dollar General, and Winco distribution centers</span></li><li><span style="color: rgba(33, 37, 41, 1)">Access to N Santiam Hwy and I-5 Via K
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NOI
$80,000
Cap Rate
1.57%
DSCR
0.27
Underwater
Cash-on-Cash
-14.54%
Monthly Payment
$25,147.911
Annual Cash Flow
$-221,774.927
