1600 Blk Lincoln Rd Woodburn, OR 97071
- Commercial real estate
- 1 SF
- 2.32 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1600 Blk Lincoln Rd
- Year built
- 2024
- Lot size
- 2.32 lot acres
- Property size
- 1 SF
- Property type
- Commercial real estate
Description
This exceptional 2.32-acre commercial lot presents a remarkable development opportunity in the thriving city of Woodburn, Oregon. Strategically located near the intersection of I-5, Woodburn enjoys a prime position between Portland and Salem, Oregon's two largest cities. This flat, buildable lot is situated within the urban growth boundary and is slated for residential zoning upon annexation, making it ideally suited for a variety of housing projects. Preliminary plans envision the creation of twenty-four townhome lots, each approximately 20-25 feet wide, catering to the significant demand for housing in this rapidly growing area. The property's exceptional location offers easy access to major transportation arteries, and utilities are conveniently located approximately 150 feet away, simplifying the development process. This is an unparalleled chance to capitalize on Woodburn's robust growth trajectory and contribute to the much-needed housing supply in this desirable Oregon community. The property's size and location make it an attractive investment for builders and developers seeking a high-potential project with significant long-term value. The existing zoning and proximity to utilities significantly reduce development hurdles, promising a streamlined and efficient construction process. Don't miss this exceptional opportunity to build in a thriving market. The asking price is $815,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Woodburn
- County
- Marion
- State
- Oregon
- Longitude
- -122.839
- Latitude
- 45.1425
