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29880 SE Folsom Rd 2 Acres of Commercial Land Offered at $1,500,000 in Eagle Creek, OR 97022
Investment Highlights
- Recreational grow license coming available at sellers expense
- Water rights included
- Cap Rate: 12%
- Power: 1,200 Amps
- NOI: $180,000.00
Executive Summary
The property includes water rights and 1,200 amps of power, with underground infrastructure for communications, electricity, and propane already in place. The site features 9 greenhouses(6 fully automated, climate-controlled 30x96), 10 shipping containers (6 fully automated, 4 standard), and on-site housing for up to eight workers. The property is zoned for hemp, OLCC-licensed recreational and medical cannabis, with application materials prepped.
Note: Recreational grow license coming available at sellers expense
Note: Recreational grow license coming available at sellers expense
Property Facts
| Price | $1,500,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Agricultural |
| No. Lots | 1 | Total Lot Size | 2.00 AC |
| Property Type | Land | ||
| Zoning | EFU | ||
| Price | $1,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Agricultural |
| Total Lot Size | 2.00 AC |
| Zoning | EFU |
1 Lot Available
Lot
| Price | $1,500,000 | Lot Size | 2.00 AC |
| Price Per AC | $750,000.00 |
| Price | $1,500,000 |
| Price Per AC | $750,000.00 |
| Lot Size | 2.00 AC |
This fully leased out site is leased to a federally legal hemp operator. The federally legal distinction ensures limited financing hurdles and a tenant with a proven track record.
Description
The property's location in Eagle Creek provides the perfect blend of proximity to the Portland Metro area and the tranquility of a secluded setting. This unique combination enables businesses to benefit from easy access to transportation networks while also offering a peaceful and private environment for their operations.
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29880 SE Folsom Rd
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