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Property profile & analytics
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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