140 5Th St Dundee, OR 97115

Property Details for 140 5Th St

Lot size

4.47 lot acres

Property size

45,857 SF

Property type

Commercial real estate

Description

This exceptional 4.47-acre property at 140 SW 5th St, Dundee, Oregon (97115), presents a unique investment opportunity. Boasting a substantial 45,857 square feet, this commercially zoned (R1) land is prominently situated at the intersection of Highway 99W and 5th Street. Its strategic location offers excellent visibility and accessibility, placing it in close proximity to new and planned developments. The property is surrounded by civic amenities, including Billick Park, the post office, and City Hall, enhancing its appeal and potential. The existing building, a well-maintained elementary school, offers the possibility of adaptive reuse, maintaining its current function or being repurposed for a new use. Alternatively, the expansive lot allows for the development of various commercial projects. The City of Dundee actively supports zoning changes and development initiatives that align with its downtown vision, making this a highly attractive proposition for developers seeking a prime location with a supportive municipal environment. The current zoning is R1 (single-family residential), but a zone change to CBD is supported by the city. This presents a rare chance to acquire one of the largest parcels in downtown Dundee.

Location Insight

City

Dundee

County

Yamhill

State

Oregon

Longitude

-123.0099405

Latitude

45.2803685