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2300 SE Stratus Ave

5.4 Acres of Commercial Land Offered at $2,000,000 in Mcminnville, OR 97128

Investment Highlights

  • 5.4 acres of level land
  • All city services available to this site.
  • Inside the City limits in McMinnville, Oregon

Executive Summary

This is an exceptional 5.4 acre parcel located in the McMinnville city limits.

Property Facts

Price $2,000,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Industrial
  • Multifamily
Total Lot Size 5.40 AC
Opportunity Zone Yes

1 Lot Available

Lot

Price $2,000,000
Price Per AC $370,370
Lot Size 5.40 AC

5.4 level lot zoned M-1 Industrial but falls within the 3 Mile Lane Area Plan for the City of McMinnville.

Description

*Under Contract.* Exceptional 5.4 acre parcel located in the McMinnville city limits. All city services available to this site. Property is currently zoned M-1 Industrial but falls within the 3 Mile Lane Area Plan for the City of McMinnville. This property has been identified in that plan as a potential R4 multifamily property which paves the way for a Zone and Comprehensive Plan map change. Please contact the listing broker for additional information regarding the process and estimated cost. Please note one of the Sellers is a licensed real estate broker in the State of Oregon.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 172538
  • 172501
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$343,457

zoning

Zoning Code M-1 (Property is currently zoned M-1 Industrial but falls within the 3 Mile Lane Area for the City of McMinnville. Potential to change Zone and Comp Plan)
M-1 (Property is currently zoned M-1 Industrial but falls within the 3 Mile Lane Area for the City of McMinnville. Potential to change Zone and Comp Plan)
  • Listing ID: 28705473

  • Date on Market: 6/9/2023

  • Last Updated:

  • Address: 2300 SE Stratus Ave, Mcminnville, OR 97128

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