348 12th NE st
Salem, OR 97301
Mixed-Use Development Land · Terrain À vendre · 0,06 ha

This site is an ideal opportunity for developers offering a range of development option. Salem’s Mixed-Use I zoning code (MU-I) allows for a multitude of uses including multifamily, retail and office, incentivizing mixed-use and walkability.
The site is a currently paved parking lot with minimal elevation, ideal for development.
The site is located immediately off 12th Street NE, a main street running through Downtown Salem. With immediate walkability to Willamette University, the Oregon State Capital along with major employment center of Salem, these sites are in a prime location to attract multifamily and retail tenants.
Over the past three years (April 2023–April 2026), Salem — Oregon's second-largest metropolitan area — has added roughly 9,000 jobs, a 5% increase, even as the Portland and Eugene- Springfield metros, and the state as a whole, lost jobs over the same period. More recently, Salem's job growth was around 1.7% for the year ending December 2025, making it the only Oregon metro area with what economists called "substantive" job growth in an otherwise down year statewide.