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Listed by Real Broker • 503-737-8010
$ 2,595,000
Est. payment | /mo
10.45 Acres Lot
$ 2,595,000
Est. payment | /mo
10.45 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 528016385
HOA Y/N No
Annual Tax Amount $7,301
Lot Size 10.450 Acres
Property Sub-Type Multi Family
Property Description
Development opportunity in growing East Albany! Approximately 10.45 acres of vacant land zoned RM – Residential Medium Density, offering excellent potential for future multifamily residential development. Mostly level terrain with a regular shape provides flexibility for site planning and development. Conveniently located near Meadow Ridge Elementary and Timber Ridge School, with easy access to shopping, services, major arterials and I-5. The surrounding East Albany area continues to see residential growth and investment, creating an attractive opportunity for a multifamily developer, builder or long-term investor. The property is outside known high-risk flood zones, although portions include designated wetlands. Public utilities are available in the area. Buyer to perform all due diligence regarding permitted uses, density, utilities, wetlands and development potential.
Location
State OR
County Linn
Area _221
Zoning RM
Exterior
Utilities Available ElectricityAvailable, PublicSewer, WaterAvailable
Garage No
Building
Lot Description Cleared, Public Road
Schools
Elementary Schools Meadow Ridge
Middle Schools Timber Ridge
High Schools South Albany
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
We're always here to help. Let's connect!
Matthew Tercek
Team Lead / Agent License ID: 201210228 (OR) 23013170 (WA)
+1(503) 453-5815 | matthew@tercekre.com