312 Ellingson Rd SE - 40-50 Lots - Albany Development Property 19.23 Acres of Residential Land Offered at $1,125,000 in Albany, OR 97322

For developers and investors, this property is over 19 acres with approximately 16 acres developable (40-50 lots) in Albany, Oregon. This property offers a prime opportunity in a county UGA zone, strategically positioned next to existing development land for significant future value potential. Featuring two homes, with utilities already in place, and a picturesque creek running through, the property combines space, privacy, and natural appeal.
The property’s versatility is enhanced by the presence of 2 existing homes, which can be occupied immediately or leased to generate income while development plans are finalized. This feature offers flexibility for investors, allowing for short-term returns while preparing for long-term gains through subdivision or other development initiatives. Additionally, the property benefits from sewer service already available on-site, streamlining the development process and reducing infrastructure costs. These practical attributes, combined with the property’s generous size, position it as a highly attractive option for developers looking to capitalize on Albany’s expanding residential market.
Located just minutes from downtown Albany, 312 Ellingson Rd SE enjoys excellent connectivity to key highways and local conveniences including Linn Benton Community College, making it an appealing location for future residents. The surrounding area is a hotspot for residential growth, with nearby developments underscoring the region’s rising popularity. This strategic location ensures that the property is well-placed to meet the needs of a growing population seeking proximity to both urban amenities and the natural beauty of Oregon’s Willamette Valley. The combination of accessibility, infrastructure, and development potential makes this parcel a compelling choice for those looking to invest in a high-growth area with a solid foundation for substantial returns.