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769 N 9th St 1.99 Acres of Residential Land Offered at $650,000 in Philomath, OR 97370
INVESTMENT HIGHLIGHTS
- Annexed into the city
- City supports development
- minimal wetlands
EXECUTIVE SUMMARY
PROPERTY FACTS
| Price | $650,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Single Family Development |
| Sale Condition | Redevelopment Project | Total Lot Size | 1.99 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | ||
| Zoning | R-2 - Medium Density residential, this is currently under review with the City of Philomath, they propose changing their medium density by reducing lot mins | ||
| Price | $650,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Development |
| Total Lot Size | 1.99 AC |
| No. Stories | 1 |
| Zoning | R-2 - Medium Density residential, this is currently under review with the City of Philomath, they propose changing their medium density by reducing lot mins |
1 LOT AVAILABLE
Lot 1200
| Price | $650,000 | Lot Size | 1.99 AC |
| Price Per AC | $326,633.17 |
| Price | $650,000 |
| Price Per AC | $326,633.17 |
| Lot Size | 1.99 AC |
Developable land zoned R-2 in the City of Philomath. Could accomodate approximately 11 SFR and Multifamily lots.
DESCRIPTION
Annexation has been completed, making this property an exciting development opportunity! While there is currently a home on the site, its value is minimal, allowing you to focus on the true potential of the land. A conceptual design for a subdivision has already been prepared, accommodating approximately 11 lots under the current code, with a variety of 1-4 unit homes. During the pre-application meeting, it was determined that stormwater retention can be managed beneath the street, streamlining infrastructure planning. Additionally, a wetlands delineation map is available for the small wetlands area on the property, ensuring clear guidelines for development. Zoned R-2, this property is already primed for residential growth. Even more promising, the city of Philomath is currently reviewing revisions to its residential zoning code, which may allow for increased density, making this an even more valuable investment in the near future. Don't miss out on this prime development opportunity with flexible potential for maximizing your return. Reach out today to explore the possibilities!
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769 N 9th St
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