0 Ash Is Newberg, OR 97132
This exceptional 60-acre island property on the Willamette River presents a rare investment opportunity. Located just 30 minutes from downtown Portland and the Portland International Airport, this idyllic setting offers unparalleled recreational and agricultural potential. The island boasts established hazelnut orchards generating significant income, with irrigation rights from the Willamette River ensuring high yields. Additional acreage is suitable for orchard expansion or forage planting. The fertile soil and irrigation system are ideal for cultivating various crops, including grains and corn. Recreational opportunities abound, including waterfowl hunting (with a pond for flooding), bass fishing in a side channel, and salmon/steelhead fishing in the main channel. The abundant hazelnut trees also attract large deer. A custom hunting cabin could be built, enhancing the property's appeal. Convenient access is provided by a private barge system and easements from both riverbanks, with a public boat launch nearby in Newberg. This once-in-a-generation opportunity combines lucrative agricultural income with exceptional recreational amenities in a stunning riverfront location. The property's unique features, including its size, location, and established income stream, make it a truly exceptional investment.
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.
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Risks
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