1551 Lyle St Dallas, OR 97338
- Manufacturing properties
- 10 SF
- 0.41 lot acres
Current Use by Public Records
- SPC Locomotive Rebuilding / Railroad Equipment Supplier
- Bear Communications / Corporate Office
Property Details for 1551 Lyle St
- Lot size
- 0.41 lot acres
- Property size
- 10 SF
- Zone code
- IH
- Property type
- Manufacturing properties
- APN
- 07533-C0-02001
- APU
- 07533C002001
Description
This exceptional 66.13-acre industrial land parcel presents a unique investment opportunity in Dallas, Oregon. Located at 1551 SE Lyle Street, Polk County, this property boasts significant development potential, situated within city limits and benefiting from existing zoning. Currently generating approximately $14,000 in monthly income from existing leases, this asset offers immediate cash flow alongside long-term growth prospects. The site is strategically positioned in the Willamette Valley, offering easy access to the Portland Metro area. Approximately 17 acres are suitable for medium-to-high density residential development, potentially allowing for a mixed-use project. The City of Dallas actively supports land use changes, streamlining the application process for prospective developers. The property enjoys access to power and water, and its location within an Enterprise Zone provides additional economic advantages. The possibility of rail service further enhances its appeal. This is one of the last large industrial parcels available in this rapidly developing area, making it an exceptional opportunity for investors seeking significant returns. The asking price is $10,000,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dallas
- County
- Polk
- State
- Oregon
- Longitude
- -123.316
- Latitude
- 44.914
- CBSA code
- 41420
- CBSA name
- SALEM, OR METROPOLITAN STATISTICAL AREA
