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3110 Game Farm Rd - Game Farm Development Land 2.57 Acres of Residential Land Offered at $950,000 in Springfield, OR 97477
Executive Summary
This unique, 2.98 acre, former railway right-of-way site has been designed as a middle housing development with twenty-eight (28) units to be constructed in ten (10) duplex/
triplex buildings. The property is adjacent to Peacehealth Campus at Riverbend and just minutes from the vibrant Gateway area of Springfield.
The seller has bids on file for all the needed infrastructure. All ten buildings are designed and there is just a small amount of engineering to be completed to make final construction drawings.
Additionally, the property includes a 1,122 sf single family residence built in 1952. The 3-bedroom, 1-bath, house is currently leased at the under-market rent of $1,695/month.
SALE PRICE: $950,000
triplex buildings. The property is adjacent to Peacehealth Campus at Riverbend and just minutes from the vibrant Gateway area of Springfield.
The seller has bids on file for all the needed infrastructure. All ten buildings are designed and there is just a small amount of engineering to be completed to make final construction drawings.
Additionally, the property includes a 1,122 sf single family residence built in 1952. The 3-bedroom, 1-bath, house is currently leased at the under-market rent of $1,695/month.
SALE PRICE: $950,000
Property Facts
| Price | $950,000 | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 2.57 AC |
| Property Type | Land | ||
| Zoning | R1 | ||
| Price | $950,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 2.57 AC |
| Zoning | R1 |
1 Lot Available
Lot 2100/20801
| Price | $950,000 | Lot Size | 2.57 AC |
| Price Per AC | $369,649.81 |
| Price | $950,000 |
| Price Per AC | $369,649.81 |
| Lot Size | 2.57 AC |
2.98 AC DEVELOPMENT LAND • 28 New construction lots plus, a single family residence • Fully approved and ready for infrastructure construction • All units fully designed
Description
Game Farm Road Development Land • 28 New construction lots plus, a single family residence • 2.98 Acres less than 1 mile to Riverbend Hospital Complex & Gateway Shopping Hub • Fully approved and ready for infrastructure construction • All units fully designed • 4J School District • $950,000
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Moderately bikeable
70/100
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3110 Game Farm Rd - Game Farm Development Land
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