Current Use by Public Records
- Land
Property Details for 0 Timbermill Dr
- Lot size
- 2.37 lot acres
- Property type
- Land
Description
Exceptional opportunity to develop prime lakefront property in Klamath Falls, Oregon. This offering encompasses two phases of Timbermill Shores, presenting flexible development options. Phase 1 consists of a 2.37-acre mixed-use lot directly on Lake Ewauna, priced at $9.50 per square foot. All necessary utilities are readily available at the street. Phase 2 offers a larger 24.26-acre parcel of mixed-use land along Lake Ewauna, divisible into a 4.86-acre and a 19.40-acre option, priced competitively at $5 per square foot. This expansive property benefits from high visibility and accessibility via the 5th Street corridor. The development boasts unique amenities including geothermally heated sidewalks and fiber optic infrastructure. Phase 1 development is progressing, with the Marriott Fairfield Inn already completed. This presents a rare chance to capitalize on a thriving location in sunny Southern Oregon, with the potential for diverse commercial and residential development. The mixed-use zoning allows for a variety of development possibilities, making this an attractive investment for developers seeking a prime lakefront location with existing infrastructure.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Klamath Falls
- County
- Klamath
- State
- Oregon
- Longitude
- -121.782
- Latitude
- 42.2205
