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Listed by National Real Estate
$ 700,000
Est. payment | /mo
8.09 Acres Lot
$ 700,000
Est. payment | /mo
8.09 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 23622120
Annual Tax Amount $3,054
Tax Year 2023
Lot Size 8.090 Acres
Property Sub-Type Multi Family
Property Description
Located in an Oregon OPPORTUNITY ZONE (ask for the information on hand) this 8-acre parcel in North Bend City Limits offers prime potential for residential development. Positioned on the 2nd highest trafficked road off Highway 101, centrally located between Coos Bay and North Bend, near the local Community College, the VA Center, the Coast Guard Station, the Airport, and centrally located shopping. Currently zoned as R-7, the seller is open to a long escrow to accommodate a conditional use permit application with the City for a PUD Planned Unit Development or possible zoning change to higher density residential. The City of North Bend owns the lot to the East and may be willing to surpluss the lot to a developer that will incorporate more housing on that lot. Zoning information, survey maps, opportunity zone info, and harvestability documents are available upon request. See photos and fly-through video for an aerial and interior view inside the lot lines. Merchantable timber on the property was valued at $42,000 by Messerle and Sons several years ago. Investing in an Opportunity Zone can offer tax incentives, capital gains deferral or reductions, etc - ask for the documents available for more information. This investment in an opportunity zone would also contribute to improving the local economy and community, in need of more housing. Our local SCDC South Coast Development Center is available for more Development opportunities, grants, programs, and resources.
Location
State OR
County Coos
Area _260
Zoning R-7
Exterior
Utilities Available ElectricityAvailable, PublicSewer, WaterAvailable
View City, Territorial, Trees Woods
Garage No
Building
Lot Description Stream, Wooded
Schools
Elementary Schools Hillcrest
Middle Schools North Bend
High Schools North Bend
Others
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Virtual Tour https://youtu.be/LiyP1gEShcQ?si=SlwKxVAF4DTHlicn
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Sarah Boylan, MBA
Licensed Real Estate Broker