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    Timbermill Shr Klamath Falls, OR 97601

    For Sale
    $744,000

    Commercial - Klamath Falls, OR

    Lot size:
    1.90 Acres
    Days on Market:
    122
    Last Refresh:
    Dec 6 at 2:06 pm

    Property Features for Timbermill Shr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MU
    APN
    892240
    Lot size
    1.90 Acres

    Utilities

    Water front features
    Lake Front, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    Windermere Real Estate Kf (541) 885-4400 [email protected]

    Listing agent Allison K York (541) 885-4400 License #200409050

    Listing date Aug 7, 2025

    MLS# 220161020 Listing URL

    Copyright © 2025 Klamath County Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Commercial Lot Opportunity

    This 1.9-acre waterfront commercial lot, identified as Lot 3 of TimberMill Shores, presents a development opportunity in downtown Klamath Falls, Oregon. The site is located near the new Marriott Fairfield Inn, a new government building, and Veteran's Park, offering visibility from Highway 97 and Klamath Avenue, which serves as the main entrance to downtown Klamath Falls. The property is zoned for mixed-use, providing flexibility for waterfront development including hotels, offices, condos, and restaurants. Streets and utilities are in place. A dedicated, installed, geothermally heated walking path runs along the waterfront. The property also has geothermal capability for green energy and heated sidewalks. Situated in Southern Oregon on the main arterial into downtown Klamath Falls, the location provides access to Crater Lake National Park and Kingsley Field National Guard Air Base.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Klamath Falls
    County
    Klamath
    State
    Oregon
    Longitude
    -121.785256
    Latitude
    42.220342

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    FAQs

    What type of property is this?
    Commercial land - 1.9 acre waterfront commercial lot in downtown Klamath Falls.
    Where is this commercial land located?
    The property is located at Timbermill Shr Klamath Falls, OR.
    What is the asking price?
    The asking price for this property is $744,000.
    What are key features of this property?
    This property features: - Waterfront commercial lot with high visibility from Highway 97 and Klamath Ave.; - Geothermal capability for green energy and heated sidewalks.; - Located in a Mixed Use zone, suitable for hotels, offices, condos, restaurants, etc.
    (541) 885-4400
    Request Owner's contact information
    Timbermill Shr Klamath Falls, OR 97601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Timbermill Shr Klamath Falls, OR 97601
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