Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase 5 tax lots in Linn County, adjacent to the Walmart Supercenter in Albany, Oregon. Comprised of five parcels, totaling 20.72 acres of UGA-UGM-5, the 5 parcels of land may be sold separately or together. The property is in the residential comprehensive plan for the city of Albany and Linn County. The site has limited use in its current zoning but would have moderate residential development opportunities if, and when annexed into the city of Albany. Potential rezone designations could be to either single family or multifamily including, RS-5, RS-6.5, and RM. The site is near major arterial roads State Route 20 with over 16,000 vehicles per day and Interstate-5 with over 53,000 vehicles per day. Schools in the area include South Shore Elementary School, South Albany High School, and others. Retailers in the area include Walmart Super Center, Coastal Farm and Ranch, The Home Depot, Regal Cinemas, and more. The site is ideal for a developer to purchase the property and work with the city of Albany to annex it into the city. A developer could take advantage of the attractively low price per square foot of $6.00 and position themselves for potential upside from residential development.