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840 Airport Rd SE - Franklin Reserve Development Land 6.46 Acres of Residential Land Offered at $2,250,000 in Albany, OR 97322



Investment Highlights
- Close to I-5, Heritage Mall, and Swan Lakes
- Strong local housing demand driven by population growth
- Reports completed and permits prepaid
- Near major roads and transportation routes
- Located in Willamette Valley with steady regional expansion
Property Facts
1 Lot Available
Lot
| Price | $2,250,000 | Lot Size | 6.46 AC |
| Price Per AC | $348,297.21 |
| Price | $2,250,000 |
| Price Per AC | $348,297.21 |
| Lot Size | 6.46 AC |
• ± 3.22 AC and ± 3.24 AC parcels • Level Development Site: Predominantly flat topography helps minimize grading and site-work costs, improving overall project feasibility and design efficiency.
Description
• Residential Zoning with Development Flexibility: Zoning allows for a range of housing types, making the property well-suited for developers seeking to implement their own site plan and product mix rather than inherit pre-set designs. • Strong Regional Connectivity: Located near Highway 99E with convenient access to I-5, providing efficient north–south connectivity to Salem (± 25 minutes), Corvallis (± 15 minutes), Eugene (± 40 minutes), and the broader Willamette Valley. • Utilities in the Vicinity: Water, sewer, and power are available nearby, supporting streamlined infrastructure planning and reducing upfront development hurdles. • Growing Housing Demand in Albany: Albany continues to see population growth and sustained housing demand driven by regional employment, affordability relative to larger metros, and its central Willamette Valley location. • Infill-Style Location with Nearby Amenities: Positioned within an established area near employment centers, schools, and services, enhancing future resident appeal and long-term rental or for-sale performance. • Rare Vacant Residential Development Opportunity: One of the few remaining vacant residentially zoned parcels of scale in this submarket, offering developers a chance to execute a custom project in a supply-constrained environment.
Property Taxes
| Parcel Number | 0108411 | Improvements Assessment | $0 |
| Land Assessment | $149,370 | Total Assessment | $149,370 |
Property Taxes
Presented by
840 Airport Rd SE - Franklin Reserve Development Land
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