This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
0 Newmark ave
North Bend, OR 97459
Land For Sale
·
8.00 AC
INVESTMENT HIGHLIGHTS
- MULTI-UNIT DEVELOPMENT
- Located in the Heart of Coos Bay/North Bend
- OPPORTUNITY ZONE
PROPERTY FACTS
| Property Type | Land | Proposed Use | Multifamily |
| Property Subtype | Residential | Total Lot Size | 8.00 AC |
| Zoning | R-7 - R-7 - Planned Unit Development with a conditional use permit, also in Opportunity Zone | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 8.00 AC |
| Zoning | R-7 - R-7 - Planned Unit Development with a conditional use permit, also in Opportunity Zone |
DESCRIPTION
Discover the real potential of this 8-acre parcel located within North Bend City Limits. Located right in the center of Coos Bay and North Bend, on the 2nd highest trafficked road off Highway 101. Currently zoned as R-7, this property could offer an exciting opportunity for multi-residential development with re-zoning, in a very limited-inventory area in need of more housing. Seller is open to a long-escrow to accommodate a contingency for rezoning application to be filed. Curious about the finer details? Ask for the zoning information and planning documents. The sellers have addressed many questions about this property over time, and now it's available for sale with more critical details in hand. Photos as well as a fly-through video capture a close look inside the lot lines. Schedule an appointment for a walk through to explore this land in depth. The listing includes approximate lot line boundaries via aerial photos, marked corner survey points, and multiple survey documents from Stuntzner engineering. If a buyer chooses to pursue rezoning to maximize on housing capacity, the zoning information and application documents are available. Builders and investors, this is your chance to explore the endless possibilities this property holds. Additionally, there is merchantable timber on the property, adding another layer of potential revenue. Timber was valued by Messerle and Sons at $42,000 a few years ago. There may be an opportunity to take advantage of some tax incentives due to the need for more housing.
