4050 Abbey Ln Astoria, OR 97103-2233
- Commercial land
- 2.06 lot acres
Current Use by Public Records
- Commercial land
Property Details for 4050 Abbey Ln
- Lot size
- 2.06 lot acres
- Property type
- Commercial land
- APN
- 80909AA00500
- APU
- 80909AA00500
Description
This exceptional 2.06-acre waterfront development site in Astoria, Oregon, presents a unique investment opportunity. Located at 4050 Abbey Ln (APN 80909AA00500), this level parcel boasts stunning Columbia River views from two sides. The property benefits from flexible S2A commercial zoning, allowing for a diverse range of uses including retail, office, multi-family residential, hotel development, and more (subject to potential conditions). Situated in both an Opportunity Zone and an Enterprise Zone, this land offers significant tax advantages, including temporary deferral of capital gains taxes, basis step-up, and permanent exclusion of income on new gains. Utilities are readily available, with access via Abbey Lane, a paved street with curb and gutter. The site's prime location is just two blocks from Highway 30, the city's main thoroughfare, and is surrounded by thriving businesses such as the Astoria Business Center, Cannery Lofts, and the Hampton Inn. Its proximity to Pier 39, a major tourist attraction, the Astoria River Walk, and the historic trolley adds to its appeal. Astoria's robust economy, high housing demand, and bustling tourism industry make this a compelling investment. The asking price is $1,600,000, and seller financing is available. This is a rare chance to acquire a highly desirable waterfront property with immense development potential.
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
- Astoria
- County
- Clatsop
- State
- Oregon
- Longitude
- -123.796
- Latitude
- 46.1951
- CBSA code
- 11820
- CBSA name
- ASTORIA, OR MICROPOLITAN STATISTICAL AREA
