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    OFF-MARKET
    Land

    0 Highway 99E, Albany, OR 97321

    5.42 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 5.42-acre development site presents a unique investment opportunity in Albany, Oregon. Strategically located just off Highway 99E/Pacific Blvd, this property is zoned Office Professional District (OPD), a transitional zone permitting both residential and limited commercial uses. Pre-existing site plans, designed to accommodate the presence of onsite wetlands, detail a potential development of 36 residential units (18 on each side of the parcel). The OPD zoning allows for a blend of residential and commercial uses, making this land ideal for a mixed-use project. The property's prime location offers convenient access to major transportation routes and established amenities. Detailed zoning information is available through the City of Albany website. This 5.42-acre parcel is offered at an attractive price of $675,000, presenting a compelling opportunity for developers seeking a versatile and well-situated project in a growing Oregon community. The address is Hwy 99E NE, Albany, OR 97321, within Linn County.

    Property profile
    Verified
    Property type Land
    Lot 5.42 ac (236,095 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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