9650 Hoffman Rd, Independence, OR 97351
Exceptional 31.15-acre development opportunity in Polk County, Oregon. This property boasts a prime location at the corner of Hoffman Rd and Highway 99W, within Monmouth's urban growth boundary and surrounded by new development. The land is zoned County Industrial Park, offering significant potential. The property includes a well-maintained 3,051 sq ft, three-story home built in 1970, a substantial 125ft x 70ft metal implement storage building, and a 50ft x 25ft shop. High traffic counts on Hoffman Rd (4,867 AADT in 2021) and Highway 99W (12,415 AADT in 2021) provide excellent visibility and accessibility. This unique combination of existing structures and prime developable land presents a rare investment opportunity. The property's location within the urban growth boundary suggests future development potential, making it an attractive proposition for investors seeking a blend of immediate income and long-term growth. The asking price is $2,750,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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