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    2727 Foothills Blvd Klamath Falls, OR 97601

    Sponsored
    For Sale
    $428,000

    40+ acres, prime development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 40.6-acre parcel, located at 2727 Foothills Boulevard in Klamath Falls, Oregon (zip code 97601), presents a unique investment opportunity. Currently zoned for medium-density residential development (APN R440838), this property boasts stunning southern views overlooking the city and offers significant potential for residential development. The land is conveniently situated near downtown Klamath Falls and Washburn Way commercial areas, providing excellent connectivity. An established easement to Foothills Boulevard ensures easy access. Utilities include Pacific Power, Avista Gas, city water, and sewer. The property's elevated position provides exceptional views of Mount Shasta. The asking price is $428,000, translating to a land value of $0.27 per square foot. This location allows for the creation of a unique residential community, catering to a variety of housing needs. The property's size and zoning allow for flexibility in development plans, including the possibility of partitioning for increased value. The existing geothermal resources present an additional advantage for sustainable development. This is an ideal opportunity for developers or institutions seeking a central location with the ability to control their immediate environment and create a distinctive residential project. A site visit is highly recommended to fully appreciate the potential of this remarkable property.

    Property Features for 2727 Foothills Blvd

    General Information

    Property type
    Land
    Lot Size
    1,768,536 SF

    HighLights

    • Residential Land Tract, 40 Acres
    • 40‑Acre Lot, Parcel ID R440838
    • Parcel ID: R440838
    • Utilities: PPL Electric, Avista Gas, City Water & Sewer
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Klamath Falls
    County
    Klamath
    State
    Oregon
    Longitude
    -121.7560252
    Latitude
    42.2251515

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    FAQs

    What type of property is this?
    Land - 40+ acres, prime development opportunity.
    Where is this land located?
    The property is located at 2727 Foothills Blvd Klamath Falls, OR.
    What is the asking price?
    The asking price for this property is $428,000.
    What are key features of this property?
    This property features: Residential Land Tract, 40 Acres; 40-Acre Lot, Parcel ID R440838; Parcel ID: R440838
    (541) 892-3423
    Request Owner's contact information
    2727 Foothills Blvd Klamath Falls, OR 97601
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    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

    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
    2727 Foothills Blvd Klamath Falls, OR 97601
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