Salem Rd, SALEM, OC

$35,000,000

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58.00

Acres

About Salem Rd

LOCATION, VISIBILITY AND OPPORTUNITY ARE JUST SOME OF THE REMARKABLE EARMARKS OF THIS COMPLETELY LEVELED, READY TO DEVELOP, AND CENTRALLY LOCATED 58-ACRE COMMERCIAL/RESIDENTIAL LAND TRACT WITH A 1,000FT OF DIRECT OCEANFRONT AND BEACH ACCESS. THIS “RARE AND UNIQUE" 58-ACRE LAND PARCEL IS IDEAL FOR A MIXED USE DEVELOPMENT THE INCORPORATES LARGE ANCHOR STORES SUCH AS; SUPERMARKETS, BANKS, RESTAURANTS (FAST FOOD/HIGH-END RESTAURANT CONCEPTS), MOVIE THEATRE, HARDWARE STORES, KNUTSFORD EXPRESS AND A HOST OF OTHER WELL NEEDED SERVICES WITHIN CLOSE PROXIMITY OF “VERY UNDER-SERVED AND HIGH NET WORTH COMMUNITIES" (RICHMOND ESTATES, PARADIASIAC BEACH CLUB, CARDIFF HALL, BENGAL BEACH, DISCOVERY BAY AND TRELAWNY) WITH RESIDENTIAL DEVELOPMENT POSSIBILITIES ALONG THE REAR AND OCEANFRONT PARCEL OF THE LAND. THE NEIGHBOURING GATED “NEW OCEANFRONT HOMES" THAT ARE NESTLED JUST ACROSS THE STREET FROM THIS 58-ACRE LAND PARCEL ARE BEING SOLD FOR US$2,000,000+ EACH, WITH ABSOLUTELY NO RETAIL SHOPPING OR COMMERCIAL SERVICES WITHIN A 40-MILE RADIUS (OCHO RIOS, DRAXHALL, ST ANN'S BAY AND TRELAWNY ARE THE ONLY “CLOSE AND CURRENT OPTIONS" WHICH ALSO HAVE THEIR RESPECTIVE LIMITATIONS). THIS GEM OF AN OPPORTUNITY IS CONVENIENTLY LOCATED AT THE MAIN ENTRANCE OF THE JEWELS RUNAWAY BAY RESORT AND IS RIPE FOR A PLETHORA OF USES. THE VALUATION REPORT IS OVER THREE YEARS OLD AND REFLECTS A US$29,000,000.00 VALUE WITHOUT THE CONSIDERATION OF THE PROPERTY'S MULTI NEW MILLION DOLLAR HOME NEIGHBORS AND OTHERS. A JOINT VENTURE/SELLER FINANCING WITH “MUTUALLY BENEFICIAL TERMS" WILL BE CONSIDERED. THE PROPERTY SITS DIRECTLY ON THE NORTH SOUTH HIGHWAY, WITH AN EXTREMELY HIGH VISIBILITY, AND SEES OVER 800,000+ VEHICLES “DAILY". THE PRICE IS EXTREMELY NEGOTIABLE AND THE OWNER WILL ENTERTAIN ALL REASONABLE OFFERS. MULTIMILLION DOLLAR VILLAS (https://www.locatorzone.com/advert/palm-beach-at-runaway-bay-runaway-bay-jamaica/) SITS DIRECTLY ACROSS THE STREET FROM THIS GEM OF A PROPERTY AS WELL AS THE JEWEL RUNARAY BAY TO THE REAR OF THE PROPERTY. THERE ARE NO RESTAURANTS, BANKING, SHOPPING, PROFESIONAL OFFICE WITHIN A 10 MILE RADIUS OF THIS HIGH INCOME EVER EVOLVING AREA. “IF YOU BUILD IT, THEY WILL CERTAINLY COME"

Features of Salem Rd

MLS® # O6190680
Price $35,000,000
Bathrooms 0.00
Acres 58.00
Type Land
Sub-Type Land
Status Active

Community Information

Address Salem Rd
Area Unknown
City SALEM
County Out of Area
State OC
Zip Code 59500

Amenities

View Trees/Woods
Is Waterfront No
Has Pool No

Interior

Fireplace No

Additional Information

Date Listed March 26th, 2024
Days on Market 110
Zoning LAND
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficePRA AND COMPANY REALTORS

Listing Map

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