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    Biehn St Klamath Falls, OR 97601

    Sponsored
    For Sale
    $2,750,000

    10 Acres, Hwy 97 frontage, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 10-acre property in Klamath Falls, Oregon, presents a unique investment opportunity. Zoned CG and MD, it allows for diverse development, including commercial and multifamily uses. Strategically located at the intersection of Biehn Street and Highway 97, this land boasts high visibility and easy access. Its proximity to major employers like Oregon Institute of Technology and Sky Lakes Medical Center ensures a strong potential tenant pool. The property is currently part of a larger tax lot, including the Pelican Theatre, and will require partitioning. Access is available via a surface street and potentially through an easement across the Pelican Theatre's parking lot. The varied terrain offers flexibility for development, potentially accommodating residential construction on higher elevations and commercial projects in lower areas. This prime location, coupled with its zoning and proximity to key businesses, makes this a compelling opportunity for developers seeking a high-impact project in a thriving Oregon community. The asking price is $2,750,000. The zip code is 97601, and the property is in Klamath County.

    Property Features for 0 Biehn St

    General Information

    Property type
    Land
    Lot Size
    435,600 SF

    HighLights

    • 10‑acre development site zoned CG and MD, allowing for commercial and multifamily uses.
    • High‑visibility location at Biehn Street and Highway 97, near Oregon Institute of Technology and Sky Lakes Medical Center.
    • Adjacent to the Pelican Cinema, a major local attraction.
    • Varied terrain suitable for mixed‑use development (residential on higher elevations, commercial on lower).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Klamath Falls
    County
    Klamath
    State
    Oregon
    Longitude
    -121.79162838
    Latitude
    42.24479477

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    FAQs

    What type of property is this?
    Land - 10 Acres, Hwy 97 frontage, prime location.
    Where is this land located?
    The property is located at Biehn St Klamath Falls, OR.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: 10-acre development site zoned CG and MD, allowing for commercial and multifamily uses.; High-visibility location at Biehn Street and Highway 97, near Oregon Institute of Technology and Sky Lakes Medical Center.; Adjacent to the Pelican Cinema, a major local attraction.
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    Biehn St 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
    Biehn St Klamath Falls, OR 97601
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