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Timbermill Dr - TimberMill Shores Development Land - Lot 1 2.37 Acres of Commercial Land Offered at $877,516 in Klamath Falls, OR 97601
INVESTMENT HIGHLIGHTS
- Prime Lakefront Development: A premier lot on Lake Ewauna, offering unmatched waterfront views and development potential
- Geothermally Heated Infrastructure: Dedicated geothermal system provides heated sidewalks and trails, ensuring year-round pedestrian comfort
- Phase 1 Development Underway: Includes the completed Marriott Fairfield Inn, with additional mixed-use projects in progress
- High Visibility & Accessibility: Strategically located along the 5th Street corridor for maximum exposure and ease of access
- Fiber Optic Infrastructure: High-speed connectivity supports modern business and residential needs
- Kingsley Field F-35 Mission: The transition to the F-35 ensures long-term economic stability, creating jobs and attracting businesses
EXECUTIVE SUMMARY
This highly desirable development site is located just 15 minutes from the Klamath Falls Airport and near major economic drivers such as the Kingsley Field F-35 Mission, which secures long-term job growth and stability. The property’s affordable land pricing, tax-friendly environment, and access to renewable energy sources like geothermal and solar make it an attractive investment for developers.
PROPERTY FACTS
| Price | $877,516 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 2.37 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | Mixed Use | ||
| Price | $877,516 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 2.37 AC |
| Opportunity Zone |
Yes |
| Zoning | Mixed Use |
1 LOT AVAILABLE
Lot 1
| Price | $877,516 | Lot Size | 2.37 AC |
| Price Per AC | $370,259.92 |
| Price | $877,516 |
| Price Per AC | $370,259.92 |
| Lot Size | 2.37 AC |
PRICE REDUCED to $877,516 or $8.50/SF (was $9.50/SF). 2.37-acre mixed-use lot with ±450 feet of Lake Ewauna waterfront. High visibility on 5th Street corridor. All utilities at street, fiber connectivity, and geothermal heated side sidewalks.
DESCRIPTION
TimberMill Shores is a 50-acre, master-planned mixed-use development along Lake Ewauna in Klamath Falls. Designed for a live-work-play environment, it integrates retail, office, residential, hotel, and recreational spaces. The dedicated geothermal system, exclusive to TimberMill Shores, provides year-round pedestrian-friendly infrastructure. The area also benefits from tax incentives, enterprise zones, and sustainable energy initiatives, making it one of Oregon’s premier waterfront development locations.
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Timbermill Dr - TimberMill Shores Development Land - Lot 1
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