Development opportunity in growing East Albany! Approximately 10.45 acres of vacant land zoned RM - Residential Medium Density, offering excellent potential for future multifamily residential development. Mostly level terrain with a regular shape provides flexibility for site planning and development. Conveniently located near Meadow Ridge Elementary and Timber Ridge School, with easy access to shopping, services, major arterials and I-5. The surrounding East Albany area continues to see residential growth and investment, creating an attractive opportunity for a multifamily developer, builder or long-term investor. The property is outside known high-risk flood zones, although portions include designated wetlands. Public utilities are available in the area. Buyer to perform all due diligence regarding permitted uses, density, utilities, wetlands and development potential.
| MLS # | 528016385 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 9 |
| Listing Provided By | Real Broker | Javier Alomia |
| Zoning | RM |
|---|---|
| Acreage | 10.45 |
| Heating Yn | No |
|---|---|
| Cooling Yn | No |
| Lot Features | Cleared, Public Road |
|---|
| Attached Garage Yn | No |
|---|
| Utilities | Electricity Available, Public Sewer, Water Available |
|---|
| Property | 7301 |
|---|
| State | OR |
|---|---|
| County | Linn |
| City | Albany |
| Zip Code | 97322 |
| School District | South Albany |
| Elementary School | Meadow Ridge |
| High School | South Albany |
| Listing VS Median (in 97322) | |
Price: $2,595,000 low | high Med: $420,000 On site: 9 low | high Med: 1006 | |
| State | OR |
|---|---|
| County | Linn |
| City | Albany |
| Zip Code | 97322 |
| School District | South Albany |
| Elementary School | Meadow Ridge |
| High School | South Albany |
| Listing VS Median (in 97322) | |
Price: $2,595,000 low | high Med: $420,000 On site: 9 low | high Med: 1006 | |