Highway 97, Chemult, OR 97731
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.
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.