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Biehn St and Hwy 97 10 Acres of Commercial Land Offered at $2,750,000 in Klamath Falls, OR 97601

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INVESTMENT HIGHLIGHTS

  • Ten acres of prime development land
  • Immediately adjacent to Hwy. 97, at the Biehn Street interchange
  • Located very close to Klamath Falls leading employers
  • Zoned for commercial, multifamily, or single family uses

EXECUTIVE SUMMARY

Located in very close proximity to leading area employers, including the Oregon Institute of Technology and Sky Lakes Medical Center. Immediately adjacent to the Pelican Cinema multiplex which is a major customer draw in Klamath Falls.

PROPERTY FACTS

Price $2,750,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 10.00 AC
Zoning CG, MD - commercial general

1 LOT AVAILABLE

Lot

Price $2,750,000
Price Per AC $275,000.00
Lot Size 10.00 AC

Approximately 10 acres of development land, zoned for commercial, multifamily, and other potential uses. Variable terrain may be best suited for residential development on higher ground and commercial use in lower areas.

DESCRIPTION

Presently the property for sale is part of one tax lot, on which the Pelican Theatre is located. The sale of this property will require the partitioning of the approximate 10 acres that sit behind (to the east of) the Pelican. Access can come via a surface street to the property and via an easement or property line alignment for ingress and egress through parking lot of the Pelican Theatre. This property is located in an area that includes many of Klamath Falls largest employers. It sits adjacent to Hwy. 97 Business, at the interchange of Biehn Street and Hwy. 97.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R171735
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,908,760
  • Listing ID: 25638632

  • Date on Market: 5/5/2022

  • Last Updated:

  • Address: Biehn St and Hwy 97, Klamath Falls, OR 97601

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