This exceptional 2.8-acre commercial lot in Burns, Oregon, presents a unique investment opportunity. Located on N Foley Dr in Harney County, this property boasts a prime location just north of Main Street, offering convenient access to downtown Burns and various nearby stores. Currently zoned for residential use, the land provides flexibility for future development. The property's current use involves a single annual alfalfa hay cutting, and it offers potential for livestock storage. While not currently connected to city services, water, sewer, and power lines run along the western property boundary on Foley Drive, providing readily available utility access. This versatile land parcel offers the potential for continued agricultural use or development into a future homesite, accommodating both residential needs and the possibility of keeping livestock. The asking price for this 2.8-acre lot is $60,000, making it an attractive proposition for investors seeking a strategically located property in Eastern Oregon with multiple potential uses. The zip code is 97720.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.