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- LoopNet Team
2700 SW Redmond Hill Rd
Mcminnville, OR 97128
Land For Sale
·
37.40 AC
Investment Highlights
- Utilities are available along SW Redmond Hill Road, the northern border of this property
- Inside the McMinnville’s Urban Growth Boundary
- McMinnville has targeted a mid-density or high-density housing zoning
- Zoning allowing for future urban planning Adjacent neighborhood houses are valued $450,000 to $700,000 per Zillow
Property Facts
| Property Type | Land | Total Lot Size | 37.40 AC |
| Property Subtype | Agricultural | ||
| Zoning | UGB EFU - This McMinnville parcel is to be annexed into the city and the land rezoned for residential use | ||
| Property Type | Land |
| Property Subtype | Agricultural |
| Total Lot Size | 37.40 AC |
| Zoning | UGB EFU - This McMinnville parcel is to be annexed into the city and the land rezoned for residential use |
Description
This McMinnville parcel offers a unique opportunity to purchase a strategically located residential development in the southwest area of McMinnville. This 37.4-acre, single tax parcel, has been targeted by the City of McMinnville to be annexed into the city and the land rezoned for residential use. Currently this rectangular parcel is inside the designated Urban Growth Boundary (UGB) and is zoned Exclusive Farm Use (EFU). The city limits of McMinnville border the north, east and west sides of this land. The land is relatively flat with a gentle slope to the southeast corner with only organic farming as the prior use of the land.
