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NE B - 52 Fully Approved and Engineered Paper Lots
12.82 Acres of Residential Land Offered at $1,950,000 in Madras, OR 97741
Executive Summary
Fully approved and engineered single family lots ready for development;
Possibly available in five phases with a flexible take-down schedule;
Construction bid in hand for first two phases, totaling 23 lots;
Exceptional high quality-of-life location near a wide variety of amenities;
Significant development and home building financial incentives from the City of Madras;
Final price per lot dependent on take down schedule; asking price of $1,950,000 is for all 52 lots being purchased together
Property Facts
| Price | $1,950,000 | Property Subtype | Residential |
| Sale Type | Investment | Total Lot Size | 12.82 AC |
| No. Lots | 1 | Cross Streets | SE Kinkade Rd |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | $1,950,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 12.82 AC |
| Cross Streets | SE Kinkade Rd |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $1,950,000 | Lot Size | 12.82 AC |
| Price Per AC | $152,106 |
| Price | $1,950,000 |
| Price Per AC | $152,106 |
| Lot Size | 12.82 AC |
52 fully approved and engineered paper lots on 12+ acres in Central Oregon. “Bridgeview” is one of the town’s best located and wisely designed properties, close to public schools, the regional hospital campus, and more.
Description
Madras, Oregon is a welcoming city with proactive government agencies. Located on Oregon’s second most traveled north-south highway, Madras is sought after for its quality of life, accepting culture, and commerce-friendly leadership. With its affordable land and homes prices, a growing population of 10,000 people, and its proximity to Redmond and Bend, it is wise for builders and developers to investigate this offering. New construction home sales in Madras were robust in 2023. 43 of these homes sold (almost all in just two subdivisions), with a median price of $409,852 and an average of 130 days on the market. The typical home was a three bedroom, two bath, 1,800+ square-foot design. The median sales price was above the asking price.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $197,130 |
PROPERTY TAXES
zoning
| Zoning Code | SFR (Single family homes) |
| SFR (Single family homes) |
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NE B - 52 Fully Approved and Engineered Paper Lots
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