1464 Timber St Albany, OR 97322
This exceptional 20.74-acre parcel presents a prime development opportunity in Albany, Oregon. Located in Linn County at 1464 Timber St SE, 97322, this flat land boasts convenient access to Interstate 5 (both North and South) and Highway 20, ensuring excellent connectivity. The property comprises five tax lots, zoned UGA-UGM-5, offering flexibility for various commercial and residential projects. Its strategic location near the Walmart Supercenter provides high visibility and potential synergy. The City of Albany has expressed interest in collaborating with developers on this site, and preliminary site development documents are available. This listing is for the entire 20.74-acre tract. The asking price is $4,706,017. Prospective buyers are responsible for conducting their own due diligence regarding intended use and feasibility studies. This is a rare opportunity to acquire a significant land holding in a rapidly growing area with strong infrastructure and community support. The property's size and zoning make it ideal for a variety of large-scale developments. Don't miss this chance to secure a valuable asset in a desirable location.
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
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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.