30416 Stellmacher Dr Albany, OR 97321

Property Details for 30416 Stellmacher Dr

Lot size

126.00 lot acres

Property type

Commercial real estate

Description

This exceptional 126-acre hazelnut orchard in Albany, Oregon, presents a compelling investment opportunity. The property features over 121 acres planted with Lewis and Clark varietal hazelnuts on highly productive river-bottom soil, benefiting from extensive water rights from the Willamette River (131 acres primary, 109 acres supplemental). A long-term lease (expiring 12/31/2060) guarantees a 5.25% base rent, supplemented by a share of crop proceeds and rental income from a 2,457 sq ft custom residence situated on the land. Approximately 24,000 sq ft of agricultural and support buildings are also included. An underlying, assumable debt instrument offers a fixed 4.38% interest rate. The property is professionally managed, offering a stable, appreciating asset with strong inflation-hedging potential in a growing market. The EFU zoning ensures continued agricultural use. This represents a unique opportunity to acquire a high-yielding, low-impact investment with significant long-term growth potential in a sustainable agricultural sector. The property is located at 30416 Stellmacher Dr SW, Albany, OR 97321, within Linn County. The asking price is $3,990,000.