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14016 Eska Way

3.48 Acres of Commercial Land Offered at $1,200,000 in Silverton, OR 97381

Investment Highlights

  • Undeveloped Site, Shovel Ready
  • Convenient, in-town, easy access
  • Light Industrial area
  • Planned as Self Storage Facility, Planned for 464 Units, & Office Plans available upon request.
  • Abundant Housing Nearby

Executive Summary

The facility was planned by Modular Mini Storage in Tualatin Oregon as a design/build project. Projected revenues were developed by a Third Party Property Management company in anticipation of providing management for the facility. Local competitors were surveyed in arriving at the rates suggested This plan and rate survey was completed in 2022. The plan was reviewed by the local planning department, however there are no active permits for the property.

Property Facts In Escrow

Price $1,200,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 3.48 AC

1 Lot Available

Lot

Price $1,200,000
Price Per AC $344,828
Lot Size 3.48 AC

The facility was planned by Modular Mini Storage in Tualatin Oregon as a design/build project. Projected revenues were developed by a Third Party Property Management company in anticipation of providing management for the facility.

Description

Silverton is a picturesque and vibrant city located in Marion County, Oregon. Nestled in the Willamette Valley, Silverton is known for its natural beauty, friendly community, and rich history. It is situated approximately 13 miles northeast of Salem, the state capital, and 45 miles south of Portland, Oregon's largest city. Tourism continue to be an economic driver for the community. Visitors come to explore the Silver Falls State Park, The Oregon Garden, and The Gordon House (designed by Frank Lloyd Wright) Demographics: The population of Silverton is diverse, with residents of various ethnicities and backgrounds. The average age is 39 and growing modestly each year. The city attracts both young families and retirees due to its quality of life and recreational opportunities. Median Household income it just under $40k. Median home value is $410k.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
102937
Land Assessment
$206,030
Improvements Assessment
$0
Total Assessment
$206,030

zoning

Zoning Code IP
IP
  • Listing ID: 29771673

  • Date on Market: 10/12/2023

  • Last Updated:

  • Address: 14016 Eska Way, Silverton, OR 97381

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