48 48Th St Springfield, OR 97478
- Land
- 1.26 lot acres
Current Use by Public Records
- Land
Property Details for 48 48Th St
- Lot size
- 1.26 lot acres
- Property type
- Land
Description
This exceptional 1.26-acre parcel, located at the intersection of 48th and Main Street in Springfield, Oregon, presents a unique investment opportunity. Zoned MUR (Mixed-Use Residential), this property offers significant development potential. The lot encompasses approximately 53,521 square feet, providing ample space for a variety of commercial and residential projects. Its strategic location offers excellent visibility and accessibility. A key advantage is its proximity to the soon-to-be-completed Cherry Springs Apartments, a 129-unit complex under construction along 48th Street. This burgeoning neighborhood promises increased foot traffic and a growing residential population, creating a strong foundation for future development. The property is situated in Lane County, Oregon, with a 97478 zip code. The asking price for this exceptional land parcel is $540,000. This represents a compelling opportunity to capitalize on the growth and potential of this vibrant Springfield location. Serious inquiries are encouraged.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Lane
- State
- Oregon
- Longitude
- -122.95
- Latitude
- 44.0457
