0 Pendleton Ests Pendleton, OR 97801
Exceptional investment opportunity in Pendleton, Oregon, presents 55.95 acres of cleared commercial land ready for development. This expansive property boasts pre-approved plans for a 216-lot subdivision, including 18 fourplex units (72 lots) and 144 single-family home lots. Significant infrastructure is already in place, including completed engineering, a city-issued letter of completion, and a substantial $760,000 grant from the City of Pendleton dedicated to road improvements. The property features an irregular lot shape with a total area of 2,437,182 square feet and benefits from public road access. Detailed documentation and supporting materials are available. This is a rare chance to acquire a fully-entitled development site with substantial cost savings already realized through city grants and completed engineering. The asking price is $2,200,000. Located in Umatilla County, Oregon, with a Pendleton, OR 97801 zip code, this property offers unparalleled potential for significant returns. Don't miss this exceptional opportunity to capitalize on a thriving market and a well-positioned development project.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.