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Zoned Industrial Land Parcel
For Sale
$250,000

450 Federal Way, Central Point, OR 97502

Industrial land parcel zoned M-1, part of a 3-lot offering with city services stubbed to each lot.

Property SizeContact for details
Lot Size0.45 Acres
Days on Market3384

Property Features for 450 Federal Way

General Information

Standard status Active
Lot size 0.45 Acres
Property subtype Commercial Lots & Land
Zoning M-1

Additional Details

Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $2,809
Listing Agency: John L. Scott Medford
Listed By: James E North · License #200310092
Source: Allprofessionalsre
Added: May 16, 2017 Changed: Aug 8 Last Checked: Aug 19 at 1:51PM

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 John L. Scott Medford

Investment Insights

Based on property information with market context.

The offering consists of one small industrial land parcel in a group of three lots, each listed as 0.45 acres, located across from Costco. Each lot is zoned M-1 and has city services stubbed to the parcel.

Plans call for Federal Way to connect to Table Rock Rd. and Airport Rd., and the properties are near an Amazon distribution center that is currently under construction. The information provided indicates that once Federal Way is connected, it will provide access to the intersection of Table Rock Road and Airport Rd.

This parcel is being marketed as one of the only small lots currently existing across from Costco, with utilities stubbed and M-1 zoning in place.

Key Highlights

  • Industrial land parcels totaling 0.45 acre each, with 3 small lots available in this offering
  • Each lot is zoned M‑1 and located across from Costco
  • City services are stubbed to each lot

Property Analytics

Current Use

Industrial land

Suggested Use

Top Pick Law Firm Hair Salon Building Supply Spa & Massage Center Nail Salon Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

390
Businesses Nearby

Demographics for 97502, OR

29,558
Population
11,717
Households
2.5
Avg Household Size
43
Median Age
21%
College-Educated
89%
High-School Grad
82.1 sq mi
ZIP Area
360
Density / Sq Mi
$79,146
Median Household Income
$42,667
Median Earnings
$1,245
Median Rent
$374,000
Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025
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Frequently Asked Questions

What type of property is this?
Industrial land - Industrial land parcel zoned M-1, part of a 3-lot offering with city services stubbed to each lot.
Where is this industrial land located?
The property is located at 450 Federal Way Central Point, OR.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Industrial land parcels totaling 0.45 acre each, with 3 small lots available in this offering; Each lot is zoned M‑1 and located across from Costco; City services are stubbed to each lot
More about this property
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