La Pine Mixed-Use
For Sale
Contact for pricing
51366 Preble Way, La Pine, OR 97739
0.89 acres approved for 11-space modular home park.
Property SizeContact for details
Lot Size0.89 Acres
Days on Market682
Property Features for 51366 Preble Way
General Information
Standard status
Active
Lot size
0.89 Acres
Property subtype
Land, Mobile Home Park
Zoning
CRMX
Listing Agency:
NAI Cascade Commercial Real Estate Services, Worldwide
Listed By:
Chuck Brazer · License #200301175
Source:
Crexi
Added: Sep 29, 2024
Changed: Aug 8
Last Checked: Aug 8 at 6:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Cascade Commercial Real Estate Services, Worldwide
Investment Insights
Based on property information with market context.
Available for sale is a 0.89-acre parcel of land suitable for commercial and residential mixed-use purposes, situated at 51366 Preble Way in La Pine, Oregon. The site has received approvals for the development of an 11-space modular home park. These approvals were granted on March 22, 2024, and remain valid for a period of 2 years. Quotes are available for manufactured dwelling units, including shipping rates to the site. The unit mix includes eight 2-bedroom, 1-bathroom manufactured homes, each measuring 640 square feet, and three 3-bedroom, 2-bathroom manufactured homes, each measuring 880 square feet. The homes are intended to be permanently affixed to the real estate and leased to tenants along with the underlying homesite. The Commercial/Residential Mixed-Use (CRMX) Zone is designed as a smaller-scale commercial district for service and office uses, with potential for associated residential units, such as upper-level apartments. This mixed-use district aims to create a buffer between commercial and residential zones, potentially using a live-work design concept. Commercial uses are allowed but limited to encourage a mixed-use development pattern. The proposed improvements align with legally conforming and permitted uses under the current zoning. The maximum building coverage is 60%. The subject property has 12.3 pads per acre.
Key Highlights
- Approved for an 11‑space modular home park with approvals valid for 2 years.
- Proforma valuation of a stabilized project near $2,050,000 based on a 7% market cap rate.
- Includes quotes for manufactured dwelling units (Fleetwood) and shipping rates.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Explore this area
Business Placement
Demographics for 97739, OR
13,102
Population
6,929
Households
1.9
Avg Household Size
53
Median Age
17%
College-Educated
87%
High-School Grad
305.0 sq mi
ZIP Area
43
Density / Sq Mi
$56,256
Median Household Income
$35,775
Median Earnings
$1,144
Median Rent
$327,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 0.89 acres approved for 11-space modular home park.
Where is this commercial land located?
The property is located at 51366 Preble Way La Pine, OR.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Approved for an 11‑space modular home park with approvals valid for 2 years.; Proforma valuation of a stabilized project near $2,050,000 based on a 7% market cap rate.; Includes quotes for manufactured dwelling units (Fleetwood) and shipping rates.
