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  • Listing ID: 17600278
  • Date Created: 10/31/2019
  • Last Updated:

Properties

Property Name / Address, City, State Property Type Land AC Land SF Individual Price
Croisan Road 28.19 acres
4675 S Croisan Creek Rd, Salem, OR
Land 28.19 1,227,956 $575,000
Sisters West Gateway
471 W Cascade Ave, Sisters, OR
Land 0.86 37,462 $385,000
5112 Vitae Springs Rd S, Salem, OR Land 21.07 917,809 $685,000
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Highlights

  • Three excellent development sites, two in South Salem and one in Central Oregon, for sale together or individually.
  • Former Croisan Quarry – rock still available that can be re-purposed for site development and zoning in place that allows for residential development.
  • Vitae Springs – located at the headwaters of Vitae Springs, with marketable timber on-site and zoning that allows for residential development.
  • Sisters West Gateway – located on Hwy 20 at the western entrance to Sisters between two commercial businesses and exposure to over 11K cars per day.

Marketing Brochure

Download Brochure

More Attachments

Croisan Portfolio Flyer

Sale Notes

This portfolio consists of three separate land sites totaling 50.12 acres, all representing excellent development opportunities, for sale together at $1,637,500. The first, and largest, is at 4675 S Croisan Creek Road and is the site of the former Croisan Quarry encompassing 28.19 acres. It is an assemblage of three parcels, two of which are former home sites and have well water. There is rock still available, and a buyer could benefit from re-purposing it for site development. This site is currently zoned UT-5, Urban Transition, in Marion County, which protects underdeveloped sites for future urban uses. This zoning designation would allow the continued use of the site to harvest forestry products or for the development of a single-family residence. 4675 S Croisan Creek Road is for sale individually at $575,000. The second is 5112 Vitae Springs Road S, at the headwaters of Vitae Springs covering three adjacent parcels totaling at 21.07 acres. There is marketable timber on this site, and it is currently zoned AR, Acreage Residential, in Marion County. This zoning designation allows for single-family developments and farm uses, including the sale of any produce grown on the site. 5112 Vitae Springs Road S is for sale individually at $685,000. The third, 471 W Cascade Avenue, the Sisters West Gateway, is prominently located at the western entrance to the City of Sisters with direct exposure to Cascade Avenue (Highway 20). This site, totaling at 0.86 acres, is currently zoned DC, Downtown Commercial, by the City of Sisters, and is situated between Sisters Motor Lodge and Space Age Gas. The “Welcome to Sisters” sign fronts this property. The Downtown Commercial zoning designation allows for a wide range of uses at this site, including residential, institutional, and commercial. 471 W Cascade Avenue is for sale individually at $385,000. These are excellent investment opportunities in the highly coveted areas of South Salem and Central Oregon.

Sale Advisor

503-586-7402 Contact
Elaine Gesik , Agent
503-586-7402 Contact
Elaine Gesik is the Principal Broker for 1st Premier Properties and Equity Advisors. Elaine is licensed in both Oregon and Washington.  Ms. Gesik has an extensive background in all facets of Commercial Real Estate. Elaine came to Oregon in 1993 and was hired by Rothschild Realty/Charter Oak Partners to work on the development and expansion of the Factory Stores @ Lincoln City.  Elaine served as the West Coast Lead Acquisitions person, General Manager and Development Coordinator-Elaine was successful in negotiating the first Land/Facility Exchange Agreement ever completed with the State of Oregon.  
Prior to coming to Oregon Elaine worked for Trammell Crow Company where she managed Ventura County property portfolio. Her clientele portfolio ranged from small businesses, to large entities such as the Los Angeles Times and the U.S. Navy.  Elaine served as Vice President for Merrill Development Company.  Merrill was the in house developer for Western Federal Savings and Loan. Elaine’s broad Commercial Real Estate background allows her to bring expertise and out of the box solutions to her clients. She has expertise in bare land, industrial, commercial, office, retail and multi-family sales, leasing, acquisition and development. Elaine currently serves as a Commissioner for the City of Salem - Landmark Historical Commission. Elaine served on the Design Review Board for the City of Salem.  Both boards have  land use governing bodies with land use decision making power over design and historic issues related to real property throughout the City. Elaine has also served as a local guest columnist for Commercial Real Estate monthly columnist for the Salem Business Journal.  Elaine’s clientele is a variety of local and regional investment groups, prominent local families and small businesses working with the marketing sales, leasing, development and acquisition of property. Elaine has secured long term leases with the GSA, State of Oregon, and Marion County.

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