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Listed by Premiere Property Group, LLC
$ 395,000
Est. payment /mo
Price Dropped by $45K
5th St Gervais, OR 97026
0.57 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 507579197
Annual Tax Amount $517
Tax Year 2024
Lot Size 0.570 Acres
Property Sub-Type Multi Family
Property Description
This property offers strong investment value due to its flexible zoning and strategic location. Currently zoned industrial for a planned storage complex, it may also be converted back to residential or, with city approval, to commercial for a 12-plex multi-family development. Complete engineering and design plans increase readiness for development. The seller holds all plans. The lot measures 225'x110' and is ready for use, with water, electricity, and an 8" city-approved sewer line already on-site. Potential high-value uses include rental shop spaces for autobody or mechanic work, or a crossfit gym.
Location
State OR
County Marion
Area _170
Zoning Ind/Res
Exterior
Utilities Available ElectricityAvailable, PublicSewer, WaterAvailable
View City
Garage No
Schools
Elementary Schools Gervais
Middle Schools Gervais
High Schools Gervais
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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