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    OFF-MARKET
    Commercial real estate

    Highway 97, Chemult, OR 97731

    2.23 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.23-acre commercial property in Chemult, Oregon, presents a remarkable investment opportunity. Strategically located on Highway 97 North, this parcel boasts excellent visibility and accessibility, with over 7,000 vehicles passing daily. The land is fully fenced and features two convenient driveway entries/exits from the highway, ensuring easy ingress and egress. A substantial, flat-packed gravel parking area is already in place, along with existing power and phone service. A significant asset is the large cement block pump house housing a high-yield water well, eliminating a major infrastructure hurdle for development. The property is zoned CT, making it suitable for a variety of commercial uses. Potential development ideas include, but are not limited to, an RV park, hotel, motel, or restaurant. The land itself is nicely treed, level, and readily developable, offering a blank canvas for a wide range of commercial ventures. Its prime location and existing infrastructure make this a truly turnkey opportunity for an astute investor seeking a high-traffic, easily accessible site in a growing area. The property's potential is further enhanced by its convenient location at the south end of Chemult. This is a rare chance to acquire a well-positioned commercial parcel ready for immediate development.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 2.23 ac (97,139 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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