0 Lakeshore Dr, Joseph, OR 97846
This exceptional 15,000-acre property, located at 0 Lakeshore Drive in Wallowa, Oregon (zip code 97846), presents a unique investment opportunity. Zoned R-2, this expansive land parcel offers a blend of commercial and residential potential. Situated in Wallowa County, the property boasts convenient access to community amenities, including lake access via shared community lots, despite lacking direct lake frontage. A significant advantage is the inclusion of a water certificate, granting the right to connect to the community spring supplying water to Lake Shore Drive properties. The asking price is $105,000. Detailed property records indicate a listing date and status date of January 2, 2024. While the property description mentions an area of 470 (units unspecified), the primary acreage is 15,000 acres. This substantial landholding offers significant development possibilities, making it an attractive proposition for investors seeking a large-scale project in a desirable Oregon location. Buyers are encouraged to conduct their own due diligence to verify all aspects of the property and its potential uses. The property is offered for sale by owner.
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.