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    OFF-MARKET
    Commercial real estate

    2089 Valley View Dr, Albany, OR 97321

    7.19 ac lot
    Property ID
    US71-0865394
    Property summary
    AI-generated overview

    This exceptional 7.19-acre parcel presents a remarkable opportunity for residential development in desirable North Albany, Oregon. Located at 2089 NW Valley View Dr, Albany, OR 97321, this slightly sloped land is zoned RS-10, offering significant potential for single-family home construction. Conveniently situated, the property enjoys proximity to both Oregon State University (approximately 15 minutes away) and Interstate 5, enhancing its appeal and accessibility. Existing infrastructure includes water and sewer access on both the northern and southern boundaries. While currently zoned RS-10, the City of Albany has indicated a possibility of RS-5 zoning, although buyers are advised to conduct their own due diligence to verify zoning and confirm suitability for their intended development plans. An adjacent 4-acre parcel with identical zoning is also available for purchase, presenting a unique opportunity for larger-scale development. The asking price for this 7.19-acre lot is $2,600,000. All interested parties are responsible for conducting their own due diligence regarding the property's suitability for their specific development plans. This is a truly exceptional opportunity for developers seeking a prime location in a thriving community.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 7.19 ac (313,196 SF)
    UPID US71-0865394
    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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