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SW 27th St - Vacant Land- 2.21 Acres 2.21 Acres of Commercial Land Offered at $1,150,000 in Redmond, OR 97756
INVESTMENT HIGHLIGHTS
- Zoned R5, but designated for a mixed-use development on the Juniper Glen PUD
- 1.5 miles west of downtown Redmond
- First lit intersection as you pull into Redmond on Highway 126
- All utilities stubbed to the site
- Flat and shovel ready
- Traffic counts exceeding 20,800 AADT (ODOT 2017)
EXECUTIVE SUMMARY
This ready to build commercial lot within City boundaries at the South West corner of 27th and Highland and is the first major intersection upon entering Redmond from the West on Hwy 126(Highland Ave). The R5 zoning allows for high density residential and an original plan was approved for buildings that include commercial on the first floor and two floors of multifamily. The plan was altered and approved for three, single floor commercial buildings totaling 12,000sf with one of the three buildings featuring a drive through. The approved plan also includes a future building pad for another 4,000sf. The plan includes 76 parking spaces. The lot is flat and shovel ready with utilities on site. The West Redmond Area Plan (WRAP) is a nearby 440 acres of planned commercial and residential development on Highland that will greatly enhance this property in the near future.
PROPERTY FACTS
| Price | $1,150,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 2.21 AC |
| Property Type | Land | ||
| Zoning | R5 | ||
| Price | $1,150,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 2.21 AC |
| Zoning | R5 |
1 LOT AVAILABLE
Lot 81
| Price | $1,150,000 | Lot Size | 2.21 AC |
| Price Per AC | $520,361.99 |
| Price | $1,150,000 |
| Price Per AC | $520,361.99 |
| Lot Size | 2.21 AC |
This ready to build commercial lot within City boundaries at the South West corner of 27th and Highland and is the first major intersection upon entering Redmond from the West on Hwy 126(Highland Ave).
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SW 27th St - Vacant Land- 2.21 Acres
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