Current Use by Public Records
- Mixed-use properties
Property Details for 29276 Marshall Ln
- Property type
- Mixed-use properties
- Property subtype
- Land
Description
This exceptional 100-acre agricultural property in Burns, Oregon (Harney County, zip 97720), presents a unique investment opportunity. Priced at $1,349,000, it boasts a proven track record with a Pro-Forma NOI of $75,650. The land is zoned for agriculture and is ideally suited for commercial production, featuring secure water rights dating back to 1957. These rights encompass both ground and surface water, including a commercial well producing 800 gallons per minute via a newer 50-horsepower pump connected to a 2021-installed Valley pivot irrigation system. The 53-acre pivot system is currently planted in barley, while the remaining acreage is used as pasture. The property also includes a 10+ acre reservoir providing additional gravity-fed irrigation potential. Infrastructure is in excellent condition, with the potential to add another pivot system. The property is fully fenced with a new four-strand border fence and cross fencing, and includes livestock handling pens constructed of drill stem pipe. A high-fenced hay storage area protects hay from wildlife. The property features two homes: a four-bedroom, two-story stick-built home and a 1999 manufactured home with an attached garage. Numerous outbuildings provide ample storage, including a wood storage area, livestock shed, chicken coop, and root cellar. This property is a rare combination of abundant water, modern infrastructure, multiple homes, and proximity to town, making it an exceptional investment. The sale is structured for a 1031 exchange.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Burns
- County
- Harney
- State
- Oregon
- Longitude
- -119.096
- Latitude
- 43.6278
