1491 Matheny Rd NE - Historic Willamette Valley River Front Farm
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1491 Matheny Rd NE - Historic Willamette Valley River Front Farm
211.45 Acres of Agricultural Land Offered at $3,149,000 in Gervais, OR 97026
Investment Highlights
- Willamette River Frontage
- Beautiful Land with excellent Farm soils
- 126 plus Acres Of Water Rights
Executive Summary
Amazing working farm located ON the Willamette River with 211+ acres of the most beautiful soil ever imagined! This is the first time in decades that this property, part of the historic Joseph Gervais Donation Land Claim, has come for sale! 3 Tax Lots included with a nice 2,191 SF ranch-style farmhouse, multiple outbuildings, and an absolutely classic Red 3-story barn (apx, 75 X 50)! 15 acres is a mature producing filbert orchard, about 154+ acres of beautifully tilled soil for any crop you can imagine. Hops farms, filberts, and row crops in the area are flourishing! Awesome Chehalem, Newberg, and McBee soils deposited by the Missoula Floods make this one of the most productive agricultural areas in the world. Water Rights, you ask? YES- 2 wells known to produce 600 & 700 GPM (buyer to verify) have historical water rights, and other surface rights have been granted as well. This is a real big-time farm property! Agrotourism and Agritainment options abound as well, and the Wheatland Ferry and Willamette Mission State Park are just a couple of parcels away. To top this all off, the incomparable Willamette River fronts the farm with a unique peninsula and inland waterway that offers fishing, camping, boating, and unlimited private recreation. There is too much to list here- so please call the Broker for a marketing packet on this one-of-a-kind offering! All offers are subject to the approval of the Trustee and the financial qualifications of the buyer. 1/2 of all minerals rights will be reatined by the seller. Any early offers will be reviewed on January 15th, 2024- The property will be marketed for a minimum of 2 weeks.
Financial Summary (Actual - 2023) |
Annual | Annual Per AC |
---|---|---|
Gross Rental Income | $80,000 | $378.34 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $80,000 | $378.34 |
Net Operating Income | - | - |
Financial Summary (Actual - 2023)
Gross Rental Income | |
---|---|
Annual | $80,000 |
Annual Per AC | $378.34 |
Other Income | |
---|---|
Annual | - |
Annual Per AC | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per AC | - |
Effective Gross Income | |
---|---|
Annual | $80,000 |
Annual Per AC | $378.34 |
Net Operating Income | |
---|---|
Annual | - |
Annual Per AC | - |
Property Facts
Price | $3,149,000 | Property Type | Land |
Sale Type | Investment or Owner User | Property Subtype | Agricultural |
No. Lots | 1 | Total Lot Size | 211.45 AC |
Price | $3,149,000 |
Sale Type | Investment or Owner User |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Agricultural |
Total Lot Size | 211.45 AC |
1 Lot Available
Lot 3
Price | $3,149,000 | Lot Size | 211.45 AC |
Price Per AC | $14,892 |
Price | $3,149,000 |
Price Per AC | $14,892 |
Lot Size | 211.45 AC |
3 Tax Lots form this 211+ Acres which is a high income working Farm on the Willamette River in Gervais, Oregon
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zoning
Zoning Code | EFU (EFU is an agricultural land zone that encourages farming and allows various uses. Development and subdivision are generally not allowed.) |
EFU (EFU is an agricultural land zone that encourages farming and allows various uses. Development and subdivision are generally not allowed.) |
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1491 Matheny Rd NE - Historic Willamette Valley River Front Farm
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