0 Highway 99E, Albany, OR 97321
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.