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    Timbermill Dr Klamath Falls, OR 97601

    Sponsored
    For Sale
    Contact for pricing

    Klamath Falls lakefront land, mixed-use zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    Exceptional opportunity to develop prime lakefront property in Klamath Falls, Oregon. This offering encompasses two phases of Timbermill Shores, presenting flexible development options. Phase 1 consists of a 2.37-acre mixed-use lot directly on Lake Ewauna, priced at $9.50 per square foot. All necessary utilities are readily available at the street. Phase 2 offers a larger 24.26-acre parcel of mixed-use land along Lake Ewauna, divisible into a 4.86-acre and a 19.40-acre option, priced competitively at $5 per square foot. This expansive property benefits from high visibility and accessibility via the 5th Street corridor. The development boasts unique amenities including geothermally heated sidewalks and fiber optic infrastructure. Phase 1 development is progressing, with the Marriott Fairfield Inn already completed. This presents a rare chance to capitalize on a thriving location in sunny Southern Oregon, with the potential for diverse commercial and residential development. The mixed-use zoning allows for a variety of development possibilities, making this an attractive investment for developers seeking a prime lakefront location with existing infrastructure.

    Property Features for 0 Timbermill Dr

    General Information

    Property type
    Land
    Lot Size
    103,237 SF

    HighLights

    • Lakefront property on Lake Ewauna.
    • High visibility and accessibility from 5th Street.
    • Phase 1 utilities are available.
    • Phase 2 offers competitive pricing at $5/SF.
    • Geothermal sidewalk heating.
    • Fiber optic infrastructure in place.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Klamath Falls
    County
    Klamath
    State
    Oregon
    Longitude
    -121.7821809
    Latitude
    42.2205015

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    FAQs

    What type of property is this?
    Land - Klamath Falls lakefront land, mixed-use zoning.
    Where is this land located?
    The property is located at Timbermill Dr Klamath Falls, OR.
    What are key features of this property?
    This property features: Lakefront property on Lake Ewauna.; High visibility and accessibility from 5th Street.; Phase 1 utilities are available.
    Request Owner's contact information
    Timbermill Dr 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

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    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 Dr Klamath Falls, OR 97601
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