1811 Applegate St - 1811-1817 Applegate 0.27 Acres of Residential Land Offered at $235,000 in Philomath, OR 97370

This unique property offers a wide range of commercial uses, providing flexibility for business owners and investors alike. The zoning allows for mixed-use development, meaning you can combine commercial and residential spaces into a single project. A conceptual design is available, featuring 1,302 square feet of office space on the ground floor, perfect for a professional office, retail, or service-based business. The second floor is ideally suited for residential units, offering convenience for tenants and potential rental income. Additionally, over half of the lot remains undeveloped, offering an exciting opportunity for future expansion, whether that’s additional office space, more residential units, or other commercial ventures. The property already includes $42,134 worth of SDC credits (as of 2023), equating to two residential units, significantly reducing your development costs. Utilities are in place, with city water and sewer connections extended to the lot, and gas is available for added convenience. This lot is perfectly positioned for the next commercial or mixed-use project in the area, with the added benefit of residential incorporation and future development potential.