For Sale

FRANKLIN RESERVE DEVELOPMENT LAND

840 Airport Rd SE | Albany, OR 97322

Price	$2,100,000
Property Size	6.46 Acres

Offering price per SF: $7.46
Offering price per AC: $325,077
Residential flexibility allows for single family lots, townhomes, middle-housing mix, or multi-family uses

± 3.22 AC and ± 3.24 AC parcels
Residential Zoning with Development Flexibility: Zoning allows for a range of housing types, making the property well-suited for developers seeking to implement their own site plan and product mix rather than inherit pre-set designs.
Strong Regional Connectivity: Located near Highway 99E with convenient access to I-5, providing efficient north–south connectivity to Salem (± 25 minutes), Corvallis (± 15 minutes), Eugene (± 40 minutes), and the broader Willamette Valley.
Residential Flexibility:11 Single-family lots, 30 Townhomes, 44 Multi-family Units or 31 Garage/Storage Units possible
Utilities in the Vicinity: Water, sewer, and power are available nearby, supporting streamlined infrastructure planning and reducing upfront development hurdles.
Growing Housing Demand in Albany: Albany continues to see population growth and sustained housing demand driven by regional employment, affordability relative to larger metros, and its central Willamette Valley location.
Infill-Style Location with Nearby Amenities: Positioned within an established area near employment centers, schools, and services, enhancing future resident appeal and long-term rental or for-sale performance.
Rare Vacant Residential Development Opportunity: One of the few remaining vacant residentially zoned parcels of scale in this submarket, offering developers a chance to execute a custom project in a supply-constrained environment.

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