Brand Story – Hilco Real Estate Sales is accepting offers until August 6, 2025, for two significant development land parcels in Salem, Oregon.
Hilco Real Estate Sales is accepting offers until August 6, 2025, for two significant development land parcels in Salem, Oregon. Available through separate bankruptcy proceedings, each of these sites present distinct, high-potential opportunities in Oregon’s capital.
The first property, located at 1750 Edgewater Street NW, consists of 53.1± AC along the Willamette River. Zoned General Commercial, this parcel has 39.17± developable AC, offering a compelling opportunity to deliver a landmark project right outside of downtown Salem. Its convenient location and versatile zoning allow for a variety of uses, including hospitality, recreation, retail and other mixed-use development projects. Whether envisioned as a riverfront hotel and event venue, a community sports complex or a commercial hub with public access to the water, the site is well-positioned to support transformative, destination-driven concepts and long-term value potential.
The second property is a 19± AC parcel with Urban Transition zoning. Located along Cordon Road with direct visibility from Highway 22, this site offers exceptional access and frontage in an area experiencing rapid commercial and industrial growth. The property is strategically positioned near key economic drivers including large-scale distribution and logistics centers, the Salem Municipal Airport and several area schools. With its location outside FEMA-designated flood zones and flexible zoning, the site is ideal for industrial, residential or community-serving uses – including multifamily housing or a retail development. The surrounding corridor continues to attract employers, retailers and housing developers seeking space along this well-connected arterial route.
Salem, the capital of Oregon, is the second-largest city in the state and continues to expand steadily due to its strategic location, affordability and economic diversity. Positioned in the heart of the Willamette Valley along the I-5 corridor between Portland and Eugene, the city has become a magnet for growth across residential, commercial and industrial sectors. With a population of over 180,000 and rising, Salem is home to major government institutions, healthcare systems, manufacturing firms and technology companies. As the city’s urban growth boundary expands and demand increases for well-located development land, these offerings present timely opportunities for forward-thinking investors and developers.
The sale of 1750 Edgewater Street NW is subject to Bankruptcy Court Approval of the United States Bankruptcy Court for the District of Oregon Case No.: 24-62194-dwh11. The sale of 1800 Cordon Road SE is Case No.: 25-60335-dwh11. Bids must be received on or before the deadline of August 6, at 5:00 p.m. (CT) and must be submitted on the Letter of Intent (LOI) available for review and download from Hilco Real Estate Sales’ website.
Interested bidders should review the terms of sale for requirements to participate in the sale process available on Hilco Real Estate’s website. For further information, please contact Jonathan Cuticelli at (203) 245-0539 or [email protected], Max Rochford at (239) 216-2708 or [email protected] and Henry Nash at (847) 313-4796 or [email protected].
For further information on the property, sale process and terms or to obtain access to due diligence documents, please visit HilcoRealEstateSales.com or call (855) 755-2300.
About Hilco Real Estate Sales
Successfully positioning the real estate holdings within a company’s portfolio is a material component of establishing and maintaining a strong financial foundation for long-term success. At Hilco Real Estate Sales (HRE), a Hilco Global company (HilcoGlobal.com), we advise and execute strategies to assist clients seeking to optimize their real estate assets, improve cash flow, maximize asset value and minimize liabilities and portfolio risk. We help clients traverse complex transactions and transitions, coordinating with internal and external networks and constituents to navigate ever-challenging market environments. The trusted, full-service HRE team has secured billions in value for hundreds of clients over 20+ years. We are deeply experienced in complex transactions including artful lease renegotiation, multi-faceted sales structures, strategic asset management and capital optimization. We understand the legal, financial, and real estate components of the process, all of which are vital to a successful outcome. HRE can help identify the most viable options and direction for a company and its real estate portfolio, delivering impressive results in every situation.
