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Lebanon Multi-Family
0 McKinney Lane, Lebanon, OR 97355
$320,000
2.63 AC
Land
Multifamily (land)
0197687
- Electricity/Power
- Telephone
-
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Last Verified 10/9/2009
Listing ID 16120585
1 Lot Available
Lot 1
$320,000
2.63 AC
Multifamily (land)
4%
- Level ground in the heart of Lebanon located on a good arterial corner
Highlights
Prime Multi-Family Land
- Central Location
Description
Excellent land bank/1031 investment property. Property will support up to 40 units according to engineer. Sewer and water are currently about 850 feet away, but there are several scenarios that may bring these utilities closer. Good project for 2-4 years out. Lebanon is growing rapidly with major infrastructure improvements including new police station and courts, new main library, new post office, a Lowe's distribution center, and a new medical college. Seller financing with 50% down.
The parcel is ideally situated within the city limits, between the Safeway shopping center to the north and a Super Wal-Mart to the south. Located about a quarter-mile off of State Hwy 20 in the center of town.
Map of 0 McKinney Lane, Lebanon, OR 97355 (Linn County)
Created 2/25/2009
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.