00 Highway 97, Chemult, OR 97731
This exceptional 4.34-acre commercial property, located at 00 Highway 97 in Chemult, Oregon, presents a unique investment opportunity. Situated at the strategic intersection of Highways 97 and 138, this expansive lot boasts a highly visible location with significant traffic flow on Highway 97. The property is zoned RSC-C, offering a wide range of potential commercial uses. Imagine the possibilities: an electric vehicle charging station catering to the high volume of travelers, a much-needed RV resort capitalizing on the area's recreational appeal, or a grocery store, mini-mart, or hardware store serving the local community. The large parcel features numerous mature trees, adding to its aesthetic appeal and providing potential landscaping opportunities. The area is known for its excellent well water production and high water quality, a significant advantage for any development. With its prime location, flexible zoning, and abundant natural resources, this property is poised for significant growth and return on investment. The approximate center coordinates are Latitude 43.0776 and Longitude -121.8265. The total square footage of the land is 189,050 square feet. This is a rare chance to acquire a substantial commercial parcel in a high-traffic area with immense potential. The asking price is $164,000.
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
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No recorded transactions found for this property.
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Risks
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