4055 Spicer Dr Albany, OR 97322
- Land
- 3.00 lot acres
Current Use by Public Records
- Land
Property Details for 4055 Spicer Dr
- Lot size
- 3.00 lot acres
- Property type
- Land
- Property subtype
- Apartment buildings
Description
This exceptional 3-acre property located at 4055 Spicer Dr, Albany, Oregon (97322) presents a compelling redevelopment opportunity. Priced at $1,500,000 (recently reduced by $300,000), this land offers significant potential for various commercial or mixed-use projects. Currently zoned for multifamily development, the site is ideally suited for a 64-unit apartment building, a tiny house village, or townhomes. Existing infrastructure includes readily available power and water at the street. Furthermore, a comprehensive sewer plan is already in place, streamlining the development process and minimizing upfront costs. This prime location in Linn County provides easy access to essential amenities and services. The property's expansive size also presents the possibility of expansion, with an additional 26 acres available on adjacent lots for acquisition, should the need arise. This is a rare chance to acquire a large parcel of land in a desirable location, ready for immediate development. The property is classified as Land and Multifamily, offering flexibility for a variety of development plans. Invest in this promising opportunity and capitalize on the potential of this strategically located property.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Linn
- State
- Oregon
- Longitude
- -123.053
- Latitude
- 44.624
