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1811 Applegate St - 1811-1817 Applegate

0.27 Acres of Residential Land Offered at $265,000 in Philomath, OR 97370

Investment Highlights

  • High Traffic Street
  • Prepaid SDC Fees in an amount equal to two residential units.
  • Level lot ready to develop

Executive Summary

Cash out sale, owner will not carry.

Property Facts

Price $265,000
Sale Type Investment or Owner User
Sale Conditions Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 0.27 AC

1 Lot Available

Lot

Price $265,000
Price Per AC $981,481
Lot Size 0.27 AC

Zoned C-2 this property is able to have multiple types of commercial uses and can be combined to have residential housing incorporated into the design. A conceptual design that incorporates 1302 Sq Ft of office space on the first floor, residential o

Description

This unique property offers a wide range of commercial uses, providing flexibility for business owners and investors alike. The zoning allows for mixed-use development, meaning you can combine commercial and residential spaces into a single project. A conceptual design is available, featuring 1,302 square feet of office space on the ground floor, perfect for a professional office, retail, or service-based business. The second floor is ideally suited for residential units, offering convenience for tenants and potential rental income. Additionally, over half of the lot remains undeveloped, offering an exciting opportunity for future expansion, whether that’s additional office space, more residential units, or other commercial ventures. The property already includes $42,134 worth of SDC credits (as of 2023), equating to two residential units, significantly reducing your development costs. Utilities are in place, with city water and sewer connections extended to the lot, and gas is available for added convenience. This lot is perfectly positioned for the next commercial or mixed-use project in the area, with the added benefit of residential incorporation and future development potential.

zoning

Zoning Code C-2 (Commercial Zoning with a Residential component that only works when developed with the commercial.)
C-2 (Commercial Zoning with a Residential component that only works when developed with the commercial.)
  • Listing ID: 34011928

  • Date on Market: 11/26/2024

  • Last Updated:

  • Address: 1811 Applegate St, Philomath, OR 97370

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