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Hickory St NW - Hickory Street North Albany Multifamily Land 6.2 Acres of Residential Land Offered at $2,250,000 in Albany, OR 97321
INVESTMENT HIGHLIGHTS
- Adjacent to OSU/Corvallis (Oregon's most rent-burdened market)
- Next to North Albany Village and Albany
- Development-friendly muncipality
EXECUTIVE SUMMARY
* Buyer to inquire with City of Albany Residential Zoning
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $2,250,000 | Lot Size | 6.20 AC |
| Price Per AC | $362,903.23 |
| Price | $2,250,000 |
| Price Per AC | $362,903.23 |
| Lot Size | 6.20 AC |
Located just minutes from the most undersupplied and rent-burdened housing market in Corvallis, Oregon, and close to North Albany Village Shopping Center, this site offers RM Zoning with density up to 150 units or higher.
DESCRIPTION
• Greater Albany Public School District • RM Zoning • High Growth Area • Up to 25 Units Per Gross Acre • Minimal Current Property Taxes of $10,720 Per Year • Desirable Residential Area of Albany • Exceptionally Positioned as Bedroom Community to OSU/Corvallis (State’s Most Rent Burdened Market) • Short Drive To Salem • Positive Employment Trends and Diverse Employment Base • Population Expected to Grow by Anywhere From 25.6% to 36.9% by 2040 (Increase of 39% From 2000 to 2020).
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $328,484 |
PROPERTY TAXES
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Hickory St NW - Hickory Street North Albany Multifamily Land
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