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320 Timbermill Dr - TimberMill Shores Development Land 2.37 - 19.4 Acre Commercial Land Lots Offered at $980,750 - $4,225,320 Per Lot in Klamath Falls, OR 97601

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INVESTMENT HIGHLIGHTS

Prime lakefront location along Lake Ewauna
Phase 1 has all utilities at the street
Geothermally heated sidewalks

High visibility and accessibility from 5th Street corridor
Phase 2 is competitively priced at $5/SF
Fiber optic infrastructure

EXECUTIVE SUMMARY

One-of-a-kind opportunity to develop lakefront land in Klamath Falls, OR. This offering includes both Phase 1 and Phase 2 of TimberMill Shores, providing flexible options for developers. In Phase 1, a 2.37-acre mixed-use lot fronting Lake Ewauna with all infrastructure in place is available at $9.50/SF. Phase 2 spans 24.26 acres of mixed-use land along Lake Ewauna, which can be divided into a 4.86-acre option and a 19.40-acre option. Priced at $5/SF, Phase 2 offers a cost-effective opportunity for developers to bring their vision to life in sunny southern Oregon.

TimberMill Shores OM 11.25

PROPERTY FACTS

Price	$980,750 - $6,264,570	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Mixed Use Hospitality Apartment Units Hotel Restaurant Storefront, Retail or Residential Strip Center
No. Lots	3	Total Lot Size	26.63 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	Mixed Use - Mixed Use for flexibility.

Price	$980,750 - $6,264,570
Sale Type	Investment
No. Lots	3
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Mixed Use Hospitality Apartment Units Hotel Restaurant Storefront, Retail or Residential Strip Center
Total Lot Size	26.63 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	Mixed Use - Mixed Use for flexibility.

3 LOTS AVAILABLE

Lot 1

Price	$980,750	Lot Size	2.37 AC
Price Per AC	$413,818.57

Price	$980,750
Price Per AC	$413,818.57
Lot Size	2.37 AC

2.37 Acres of Bare Land | 3809-032DB-01200 | 320 Timbermill Dr., Klamath Falls All utilities at the street ±450 Feet of Waterfront $9.50/SF

Lot 2-3

Price	$1,058,500	Lot Size	4.86 AC
Price Per AC	$217,798.35

Price	$1,058,500
Price Per AC	$217,798.35
Lot Size	4.86 AC

4.85 Acres of Bare Land | 3809-032DA-00600 & 00700 | 3 Buildings Totaling 9,775 SF All utilities at the street $5/SF *Also Available for Land Lease. Contact listing broker for more information.

Lot 4-6

Price	$4,225,320	Lot Size	19.40 AC
Price Per AC	$217,800.00

Price	$4,225,320
Price Per AC	$217,800.00
Lot Size	19.40 AC

19.40 Acres of Bare Land | 3809-032DA-00800 & 00801 | 3809-033CC-00500 ±905 Feet of Waterfront $5/SF

DESCRIPTION

The History and Vision of TimberMill Shores The waterways of Klamath Falls, Oregon, historically rich in timber, ranching, and farming, now host a remarkable development opportunity. TimberMill Shores is a 50-acre mixed-use project along the sunny shores of Lake Ewauna. With Phase 1 already under development—featuring the Marriott Fairfield Inn, People’s Bank with upstairs apartments, and a 92,000 SF mixed-use facility—developers now have the chance to invest in a 2.37-acre mixed-use lot fronting Lake Ewauna, complete with all infrastructure in place. We also present Phase 2: 24.26 acres of prime lakefront land zoned Mixed Use, offering flexibility for developers to shape the future of this vibrant region. This land can be divided into a 4.86-acre option and a 19.40-acre option, priced competitively at $5/SF, making it a cost-effective opportunity for bringing visionary projects to life. The development includes dedicated public land space, geothermal capabilities, and tax-friendly opportunity and enterprise zones. Mixed-use developments capitalize on the “Live-Work-Play” environment, and TimberMill Shores is no exception with its pedestrian-friendly integration of retail, office, residential, hotel, recreation, and other functions. Developers have remarkable flexibility with this zoning, fostering the vision to capture a “Live-Work-Play” environment with many amenities and an integrated architectural expression. This is a truly unique and unparalleled investment opportunity. Financial Benefits Developing TimberMill Shores offers significant financial advantages. With the approved Urban Renewal District (URD), developers can recoup a considerable amount of infrastructure capital expenses, benefiting from nearly $1 million available for qualified improvements (subject to change). The competitively priced Phase 2 land at $5/SF ensures affordability, while lower operating costs, a favorable county tax structure, and available property tax incentives further enhance the financial appeal.. Access to abundant renewable energy sources like geothermal and solar, no sales tax, and affordable development costs make this a financially sound investment.