High Traffic Retail Redevelopment Opportunity

For Sale

3297 River Rd N, Salem, OR 97303

This Salem property for sale is located at 3297 River Rd N. The current listed sale price for High Traffic Retail Redevelopment Opportunity is $799,900. High Traffic Retail Redevelopment Opportunity is situated on a lot that is 0.7 acre in size.

Contacts

broker
Toran Schmidgall

SVN | Commercial Advisors

Property Details

  • Property Type VacantLand
  • Units 4
  • Lot Size 0.7 Acre
  • Property Tenancy Single Tenant
  • Year Built 1939
  • Year Renovated 2001
  • Date Updated Aug 14, 2025
Perfect for an investor with an eye for potential, the area surrounding 3297 River Rd N in Salem, OR, offers an array of compelling opportunities. Situated in a vibrant and developing part of town, the location is ideal for a potential land or retail-pad investor seeking a prime spot. With easy access to major roadways and close proximity to notable landmarks and growing residential communities, this area holds great promise for those looking to capitalize on its strategic positioning. Nearby points of interest include the picturesque Willamette River, charming local shops and restaurants, and convenient transportation hubs. For an investor with vision, the possibilities in this area are limitless.This is a redevelopment opportunity at a signalized intersection on the south end of River Road N, where Salem and Keizer meet, just blocks north of the Salem Parkway. The longtime home to a local upholstery business, the highest and best use is for commercial retail or office redevelopment. It is on the west "going to work" side of River Road and has its highest traffic counts in the morning as commuters travel to work from Keizer to Salem. A customer making a right turn out of this location has easy access to either River Road/Commercial Street NE into Salem or Broadway St NE to the Salem Parkway.
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Highlights

  • Easy access to Salem Parkway and Interstate 5
  • Nearly 30,000 vehicles per day pass by this location
  • Signaled intersection access
  • Situated within a business-friendly municipality
  • Zoned Salem-MU-III, encompassing a plethora of uses (check local jurisdiction)

Getting around

  • 71/100

    Walk Score ®

  • 34/100

    Transit Score ®

  • 75/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Salem, OR
  • Neighborhood Higland
  • Zip Code 97303
  • Market Eugene

Points of Interest

  • Salem

    2.86 miles

  • Brooks Historical Society Depot

    5.97 miles

  • Hopmere Station

    6.06 miles

  • 76

    0.14 miles

  • ChargePoint

    0.33 miles

  • Blink

    0.36 miles

  • Pacific Pride

    1.63 miles

  • Space Age

    1.97 miles

  • Pulse

    2.19 miles

  • Electrify America

    2.20 miles

  • North Salem Safeway Park and Ride

    1.56 miles

  • School House Square Parking lot

    1.66 miles

  • Walsh's Landing Trailhead

    1.77 miles

  • Trailer Parking

    1.79 miles

  • Wallace Road Park and Ride

    1.84 miles

  • Rodeway Inn

    1.98 miles

  • Marion Parkade

    2.03 miles

  • Green Lot - Dept of Admin Services

    2.11 miles

  • Riverfront Park (North Lot)

    2.20 miles

  • WalMart North Park and Ride

    2.21 miles

  • Motel 6

    1.07 miles

  • Traveler's Inn

    1.11 miles

  • Wittenburg Inn

    1.84 miles

  • Rodeway Inn

    1.98 miles

  • Holiday Inn

    2.31 miles

  • Shilo Inn and Suites

    2.38 miles

  • Holman Riverfront Park Hotel Salem, Tapestry Collection by Hilton

    2.43 miles

  • Capital Inn & Suites

    2.45 miles

  • DoubleTree

    2.48 miles

  • Grand Hotel

    2.48 miles

  • Fred Meyer

    0.37 miles

  • Keizer Village Shopping Center

    0.60 miles

  • Bi-Mart

    0.67 miles

  • Cash & Carry

    0.73 miles

  • Safeway

    1.59 miles

  • A Dong Market

    1.59 miles

  • Grocery Outlet

    1.72 miles

  • Roth's

    1.89 miles

  • WinCo Foods

    2.04 miles

  • Food 4 Less

    2.06 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Toran Schmidgall

SVN | Commercial Advisors

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