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Investment Highlights

  • Zoned for multiple uses with an existing structure that can be integrated or removed.
  • Strong local economy supported by top-rated schools and regional attractions.
  • Easy access to I-84 and Hood River Bridge connecting Oregon and Washington markets.
  • Excellent proximity to the Columbia Gorge tourist corridor and major amenities.
  • Surrounded by national retailers, dining, and hospitality options for added synergy.

Executive Summary

This 2.5-acre development parcel in Hood River provides a rare opportunity for new construction within one of Oregon’s most desirable regions. Positioned in the heart of Columbia Gorge activity, the site offers outstanding access to local amenities and top-rated schools. The lot can support a range of projects, from residential expansions to unique mixed-use concepts, making it suitable for builders, developers, and investors alike. An existing structure on-site can be included in the transaction or demolished to accommodate new plans. With zoning flexibility and strong area demographics, this site sits in a thriving market that benefits from Hood River’s high visibility as a premier tourist destination. Contact the broker for sale pricing and details.

Property Facts

Price $2,800,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Planned Unit Development
Total Lot Size 2.50 AC
Zoning UR1 - Urban Low-Density Residential

1 Lot Available

Lot

Price $2,800,000
Price Per AC $1,120,000.00
Lot Size 2.50 AC

2.5-acre parcel in a high-demand Hood River location with strong demographic appeal.

Description

Situated at 573 Frankton Road, this 2.5-acre parcel is ideally located within the vibrant Hood River community. The property offers proximity to the Columbia River Gorge, a major recreational and tourism hub attracting consistent visitor traffic year-round. Surrounded by national retailers, dining establishments, and hospitality options, the area provides extensive support for commercial and residential development. The lot includes an existing structure that can either remain part of the sale or be removed, allowing for maximum flexibility in design and usage. Quality schools, excellent transportation access, and a strong local demographic base make this property promising for future growth.

Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
03N-10E-34-AC-03500-9502.00
Land Assessment
$221,200
Improvements Assessment
$86,300
Total Assessment
$307,500
  • Listing ID: 40942570

  • Date on Market: 6/16/2026

  • Last Updated:

  • Address: 573 Frankton Rd, Hood River, OR 97031

Contact the Sale Advisor

573 Frankton Rd

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