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    FOR SALE
    Commercial land

    50660 Mckenzie Hwy, Vida, OR 97488

    1.74 ac lot
    Individually Owned 5-yr Hold Free & Clear
    Property ID
    US71-1012221
    Property summary
    AI-generated overview

    This exceptional 1.74-acre commercial land parcel presents a unique investment opportunity in Vida, Oregon. Located at 50660 McKenzie Highway, this property boasts unparalleled visibility due to its highway frontage, just 26 miles east of Springfield. The land is zoned Rural Commercial, offering a wide array of permitted uses, making it ideal for a diverse range of businesses. Situated directly on the McKenzie River, this is the only commercially zoned property in the valley with this prime location. The property features existing 3-phase, 208v electric service, conveniently accessed via an outdoor vault with an underground transformer. The asking price is $595,000, representing a significant value proposition. The APN is 16-45-31-00 00300, and the property is conveniently located in Lane County, Oregon, with a 97488 zip code. This is a rare chance to acquire a highly visible, riverfront commercial lot with significant development potential. Don't miss this opportunity to establish your business in a desirable and thriving location.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 1.74 ac (75,794 SF)
    APN 16-45-31-00-00300-000
    UPID US71-1012221
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Tricia Miller · 5 yrs held
    Tricia Miller
    since 2021
    Last sale
    $95,400
    2 recorded transactions
    2021
    $95,400
    1995
    $150,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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