Share This Listing

Message

937 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

2727 Foothills Blvd - Highlands MD Zoning 40.61 Acres of Residential Land Offered at $398,000 in Klamath Falls, OR 97601

Save this listing!

Favorite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Medium Density zoning with city services all central to Downtown and the main shopping district.

EXECUTIVE SUMMARY

It's a half price sale........$100,000 under assessor's value. Centrally located 40+ acres, with geothermal and exceptional southern views above the Herald and News. Strategic possibilities for residential connectivity with downtown and Washburn Way commercial. An established easement to Foothills Blvd next to the Herald and News makes this property ready for development today. Whether your interest is a castle on the hill or a number of residential possibilities, this property is positioned for both. Current County zoning is medium density residential and could be annexed to City under the same zoning or partition and phase your future plans. This property is perfect for a developer or an institution to be central to the city yet control their own immediate environment and propose a building plan that will address the needs of unmet markets.
Buy and partition for development today. There is no other centrally located medium density acreage with the 360 degree view over the City and South to Mount Shasta.
You have to see this one to appreciate the value. Agent is a land use planner and will assist with development and entitlements if desired.
Owner will consider a short-term carry position with down payment.

PROPERTY FACTS

Price $398,000
Sale Type Investment
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units
  • Apartment Units - Senior
  • Hold For Development
  • Planned Unit Development
  • Single Family Development
  • Single Family Residence
Total Lot Size 40.61 AC
Cross Streets Foothills Blvd
Zoning MediumDensity Residential - Medium Density zoning in the city. 1 single-family dwelling unit per lot, or 1 duplex or multifamily dwelling per 8,000 square feet

1 LOT AVAILABLE

Lot 440838

Price $398,000
Price Per AC $9,800.54
Lot Size 40.61 AC

Absolutely the most central zoned medium density residential land in Klamath Falls. Access and utilities confirmed. Opportunity to partition for premium view residential or multiple uses such as gated community, mixed use or special neighborhood.

DESCRIPTION

Blocks from the shopping district and downtown, yet this property is separated from all the traffic. Perfect for a senior community development or entry-level workforce housing. You won't find urban services combined with MD zoning at $.29 per sq ft

  • Listing ID: 29942403

  • Date on Market: 11/1/2023

  • Last Updated:

  • Address: 2727 Foothills Blvd, Klamath Falls, OR 97601

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}