0 Biehn St Klamath Falls, OR 97601
This exceptional 10-acre property in Klamath Falls, Oregon, presents a unique investment opportunity. Zoned CG and MD, it allows for diverse development, including commercial and multifamily uses. Strategically located at the intersection of Biehn Street and Highway 97, this land boasts high visibility and easy access. Its proximity to major employers like Oregon Institute of Technology and Sky Lakes Medical Center ensures a strong potential tenant pool. The property is currently part of a larger tax lot, including the Pelican Theatre, and will require partitioning. Access is available via a surface street and potentially through an easement across the Pelican Theatre's parking lot. The varied terrain offers flexibility for development, potentially accommodating residential construction on higher elevations and commercial projects in lower areas. This prime location, coupled with its zoning and proximity to key businesses, makes this a compelling opportunity for developers seeking a high-impact project in a thriving Oregon community. The asking price is $2,750,000. The zip code is 97601, and the property is in Klamath County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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