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    1505 Boones Ferry Rd Woodburn, OR 97071

    Sponsored
    For Sale
    $21,275,250

    Prime 74-acre development site in Woodburn, Oregon.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 74.65-acre commercial land parcel presents a significant development opportunity within Woodburn, Oregon's urban growth boundary. Currently zoned UT-20, upon annexation into the city limits, the property will be rezoned to RS, a low-density residential designation within Woodburn's zoning plan. This allows for a variety of residential development options. Adding to its versatility, a nodal development overlay provides flexibility in building types, even permitting limited commercial development. The site boasts a desirable flat topography, simplifying construction and maximizing usable space. Its strategic location offers convenient proximity to local schools and parks, enhancing its appeal to future residents. The asking price is $21,275,250, translating to $285,000 per acre. The property is served by Woodburn municipal utilities, ensuring readily available infrastructure. Portland General Electric (PGE) is the regional power provider. This large-scale development opportunity is ideally suited for a discerning investor seeking to capitalize on the growth potential of Woodburn, Oregon. The address is 1505 Boones Ferry Rd NE, Woodburn, OR 97071, located in Marion County.

    Property Features for 1505 Boones Ferry Rd

    General Information

    Property type
    Land
    Lot Size
    3,251,754 SF

    HighLights

    • Generous land parcel
    • Level site ideal for development
    • Excellent location near schools and parks
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Building Supply Spa & Massage Wholesale Shop Hair Salon Nail Salon Pharmacy Accounting Firm Cosmetics Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Woodburn
    County
    Marion
    State
    Oregon
    Longitude
    -122.8549587
    Latitude
    45.1604644

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    FAQs

    What type of property is this?
    Land - Prime 74-acre development site in Woodburn, Oregon.
    Where is this land located?
    The property is located at 1505 Boones Ferry Rd Woodburn, OR.
    What is the asking price?
    The asking price for this property is $21,275,250.
    What are key features of this property?
    This property features: Generous land parcel; Level site ideal for development; Excellent location near schools and parks
    (503) 972-7277
    Request Owner's contact information
    1505 Boones Ferry Rd Woodburn, OR 97071
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    Woodburn, OR 97071
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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
    1505 Boones Ferry Rd Woodburn, OR 97071
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