0 Cherry Ln Madras, OR 97741

OFF-MARKET

Land

157 ac lot

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This exceptional 157-acre property in Madras, Oregon, presents a unique investment opportunity. Located on NE Cherry Lane, this farm boasts 148.9 acres of North Unit Irrigation District (NUID) water rights, ensuring consistent irrigation for optimal crop production. Currently planted in alfalfa, the land primarily consists of Class 3 loam soil, ideal for various agricultural uses. Two strategically placed irrigation ponds near the canal and pump station maximize efficiency. Jefferson County zoning designates the land for Exclusive Farm Use. The property meets the requirements for a "Large Tract" Farm Dwelling, offering several potential homesite locations with stunning Cascade Range views. Situated just 3.8 miles northeast of Madras, this versatile property offers options beyond farming, including irrigated pasture for cattle grazing (existing corrals are included). The asking price is $880,000. This is a rare chance to acquire a productive, well-watered farm with significant development potential in a desirable Oregon location.

Property type Land

Lot 157 ac (6,838,920 SF)

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

Cherry Ln Madras, OR 97741

Madras metro

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Comparables

6 recent transactions · within 1.5 mi

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