517 First St - 517 N First St Drain, Oregon
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517 First St - 517 N First St Drain, Oregon
0.07 - 0.12 Acre Commercial Land Lots Offered at $27,500 Per Lot in Drain, OR 97435
Executive Summary
Great investment opportunity 4 lots of commercial property totaling .36 acres in a great location as you pull into the city. Investor friendly. Waiting to be fully developed. Overlooking the City of Drain "Gateway to the Pacific Ocean" Lot # R20915, R20923, R20907, R20939 Rezoning may be possible. According to the City of Drain planners office it may be built up to a height of 50 ft (approximately 4 stories) a special permit may be issued to allow the owner of a business to live onsite as well. According to the city administrator , the City does have funding for business loans to expand Drain's commercial and economic growth. The city is looking for new investors to help shape the City's future Jennie the city administrator can be reached at 541-836-2417 if you have further questions.
Property Facts
| Price | $27,500 - $110,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | Commercial |
| Sale Conditions | Redevelopment Project | Total Lot Size | 0.36 AC |
| No. Lots | 4 | Cross Streets | W E St |
| Property Type | Land |
| Price | $27,500 - $110,000 |
| Sale Type | Investment or Owner User |
| Sale Conditions | Redevelopment Project |
| No. Lots | 4 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.36 AC |
| Cross Streets | W E St |
4 Lots Available
Lot R20915
| Price | $27,500 | Lot Size | 0.08 AC |
| Price Per AC | $343,750 |
| Price | $27,500 |
| Price Per AC | $343,750 |
| Lot Size | 0.08 AC |
DRAIN, BLOCK 2, LOT PT 3, ACRES 0.08
Lot R20923
| Price | $27,500 | Lot Size | 0.07 AC |
| Price Per AC | $392,857 |
| Price | $27,500 |
| Price Per AC | $392,857 |
| Lot Size | 0.07 AC |
DRAIN, BLOCK 2, LOT E1/2 4, ACRES 0.07
Lot R20907
| Price | $27,500 | Lot Size | 0.12 AC |
| Price Per AC | $229,167 |
| Price | $27,500 |
| Price Per AC | $229,167 |
| Lot Size | 0.12 AC |
DRAIN, BLOCK 2, LOT PT 3 & W1/2 4, ACRES 0.12
Lot R20939
| Price | $27,500 | Lot Size | 0.09 AC |
| Price Per AC | $305,556 |
| Price | $27,500 |
| Price Per AC | $305,556 |
| Lot Size | 0.09 AC |
DRAIN, BLOCK 2, LOT PTS 5 & 6, ACRES 0.09
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zoning
| Zoning Code | Commercial |
| Commercial |
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517 First St - 517 N First St Drain, Oregon
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