71384 Highway 207, Echo, OR 97826
Exceptional investment opportunity: 336+/- acres of productive farmland in Echo, Oregon, just 15 miles south of Hermiston and Interstate 84. This established hay farm boasts 329+/- irrigated acres with water rights dating back to 1883, utilizing both surface water from Buttercreek and groundwater. The irrigation system is highly efficient, featuring 90% wheel-line sprinklers and three creek pump stations. The property includes a 1,440 sq ft, 3-bedroom, 1-bathroom farmhouse built in 1949, updated several years ago, with a paved driveway and well-maintained yard. Supporting structures include a 30x40 garage, a 36x70 shop, both with poured concrete floors, a fuel system, and a 1980 double-wide mobile home used as a farm office. A fully permitted 60' working mechanical scale and scale house are also included. The farm is comprised of three separate tax lots (2N2700 TL 2100, 2N2700 TL 2000, 2N2700 TL 1902) and has historically produced grain and hay crops. Current crops include alfalfa and wheat. 2023 property taxes were $5760. This turnkey operation offers significant potential for continued profitability in the fertile Columbia Basin. 1.5 miles of Buttercreek frontage.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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