3980 Santiam Hwy Lebanon, OR 97355
- Commercial real estate
- 1,080 SF
- 3.50 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 3980 Santiam Hwy
- Year built
- 1940
- Lot size
- 3.50 lot acres
- Property size
- 1,080 SF
- Property type
- Commercial real estate
Description
This exceptional 3.5-acre property presents a unique investment opportunity in Lebanon, Oregon. Zoned Residential Mixed Density, it allows for a variety of uses including multi-family dwellings, duplexes, and other residential developments. The flat, level topography simplifies construction, and the property boasts existing infrastructure advantages. A city sewer line ('6') is readily accessible, and water service is available at the adjacent property. Currently situated on the land is a 1,080 square foot single-family residence featuring a recently updated roof (2021), new vinyl windows, and upgraded electrical systems. This existing structure could serve as a rental property or be renovated/repurposed. The property is conveniently located with direct access to Highway 20 via an existing ODOT easement. The expansive acreage and flexible zoning regulations make this an ideal site for developers seeking to capitalize on the growing demand for housing in the Lebanon area. The existing home provides immediate income potential or a solid foundation for a larger project. This is a rare opportunity to acquire a substantial parcel of land with significant development potential in a desirable location. All utilities are readily available.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lebanon
- County
- Linn
- State
- Oregon
- Longitude
- -122.8879
- Latitude
- 44.50989
