Highway 22 Independence, OR 97351
- Investment properties
- 5,200 SF
- 58.57 lot acres
Current Use by Public Records
- Investment properties
Property Details for Highway 22
- Lot size
- 58.57 lot acres
- Property size
- 5,200 SF
- Property type
- Investment properties
Description
This exceptional 58.57-acre property located on Highway 22 in Independence, Oregon, presents a unique investment opportunity. Zoned PA (Public Amusement), this expansive land parcel offers unparalleled versatility for a wide range of commercial developments. Imagine the possibilities: an amusement park, a large-scale stadium, a vibrant fairground, a state-of-the-art music auditorium, or even a thriving winery or brewery. The existing 5,200 square foot building provides a solid foundation for an existing business or a launchpad for a new venture. The property's significant value is further enhanced by valuable senior water rights and the presence of two ponds, providing ample resources for various uses. This location offers excellent visibility and accessibility, making it an ideal site for attracting significant foot traffic and generating substantial revenue. The property is ready for immediate development, presenting a rare chance to capitalize on its exceptional zoning and abundant resources. This is a truly remarkable opportunity for an ambitious entrepreneur or developer seeking a large-scale project with significant potential for growth and return on investment. The asking price is $4,400,000. Further details are available upon request.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Independence
- County
- Polk
- State
- Oregon
- Longitude
- -123.148
- Latitude
- 44.9329