Lebanon, OR 97355

Property Details

Lot size

3.50 lot acres

Property size

1,080 SF

Property type

Commercial real estate

Description

This exceptional 3.5-acre property in Lebanon, Oregon, presents a unique investment opportunity. Zoned Residential Mixed Density, it allows for a variety of uses including multi-family dwellings, duplexes, and other residential developments. The flat, level topography simplifies construction, and the property boasts existing city sewer and storm water drainage ('6' connection). Water service is readily available at the adjacent property. Currently situated on the land is a 1,080 square foot, two-bedroom, one-bathroom single-family residence featuring recent upgrades including new vinyl windows and a roof installed in 2021. The electrical system has also been upgraded. The property is conveniently located with easy access to Highway 20, benefiting from an existing ODOT easement. This prime location and flexible zoning make this an ideal site for developers seeking to capitalize on the growing demand for housing in the Lebanon area. The existing structure provides immediate income potential or can be easily renovated or removed to accommodate a larger-scale development project. All necessary city annexations are complete, streamlining the development process. This is a rare opportunity to acquire a substantial parcel of land with existing infrastructure in a desirable location. Don't miss out on this chance to build your next successful project.