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Prime Industrial Land I-5 Frontage
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2910 Three Lakes Road SE, Albany, OR 97322

68+ acres of industrial land with I-5 frontage.

Property Size1,170,775 SF
Lot Size68.00 Acres
Days on Market882

Property Features for 2910 Three Lakes Road SE

General Information

Standard status Active
Size 1,170,775 SF
Total Parking Spaces 797
Lot size 68.00 Acres
Property subtype Industrial
Zoning Industrial Park District
Lease Type NNN

Building Details

Stories 1
Listing Agency: Macadam Forbes
Listed By: Joe Kappler · License #OR 200605069
Source: Crexi
Added: Apr 3, 2024 Changed: Aug 31 Last Checked: Aug 31 at 5:33PM

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 Macadam Forbes

Investment Insights

Based on property information with market context.

This property offers a rare industrial development opportunity with frontage on Interstate 5, encompassing over 68 acres of industrial land. The site can accommodate a distribution facility of up to 1,170,775 square feet, with the option for requirements as small as 150,000 square feet. The proposed site plan includes 797 automotive parking spaces, 250 trailer stalls, and 221 dock doors with loading from 3 sides. Column spacing is 60 feet from east to west and 56 feet from north to south. The building's maximum width is 600 feet, with a length of 2,024 feet and a clear height of 36 feet. The project will feature four points of ingress/egress and is located 0.6 miles from the Interstate 5 on-ramp/off-ramp (exit 233). Located just off exit 233 from Interstate 5 in Albany, Oregon, the site is 29 miles south of Salem, Oregon, 69 miles from Portland, Oregon, and 78 miles from Vancouver, Washington. It is also within 3 miles of the Mid-Willamette Valley Intermodal Center, which serves as a transfer hub for local and international containers from UPRR & BNSF. The flexible zoning allows for a range of commercial to industrial uses. The owner is willing to sell the land and consider partitioning off as little as 10 acres to a buyer. Build-to-suit opportunities are available, and the owner is also willing to build and sell buildings ranging from 150,000 to 1,170,755 square feet.

Key Highlights

  • Prime Interstate 5 frontage location with easy access
  • Large‑scale industrial development opportunity on over 68 acres, accommodating up to 1,170,775 sq ft
  • Flexible zoning allowing for a range of commercial and industrial uses

Property Analytics

Current Use

Industrial land

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Big Box & Wholesale Store Spa & Massage Center Building Supply

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

Location Intelligence

Trade Area within ½ mile

63
Businesses Nearby

Demographics for 97322, OR

37,148
Population
14,867
Households
2.5
Avg Household Size
37
Median Age
22%
College-Educated
91%
High-School Grad
63.3 sq mi
ZIP Area
587
Density / Sq Mi
$68,536
Median Household Income
$43,530
Median Earnings
$1,335
Median Rent
$321,200
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 - 68+ acres of industrial land with I-5 frontage.
Where is this industrial land located?
The property is located at 2910 Three Lakes Road SE Albany, OR.
What are key features of this property?
This property features: Prime Interstate 5 frontage location with easy access; Large‑scale industrial development opportunity on over 68 acres, accommodating up to 1,170,775 sq ft; Flexible zoning allowing for a range of commercial and industrial uses
(503) 972-7294 Call to check price and availability
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