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For Sale

FRANKLIN RESERVE DEVELOPMENT LAND

840 Airport Rd SE | Albany, OR 97322

Property Details

Price$2,250,000
Property Size6.46 Acres

Supporting Documents

Description

  • Offering price per SF: $8.00
  • Offering price per AC: $348,297
  • Based on preliminary density assumptions, the site offers potential for up to approximately 125 townhomes or 100+ multifamily units, subject to buyer’s design, zoning interpretation, and municipal approvals.

Highlights

  • ± 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.
  • Level Development Site: Predominantly flat topography helps minimize grading and site-work costs, improving overall project feasibility and design efficiency.
  • 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.

Brokers

GETTING STARTED

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CONTACT US
2225 N Williams Ave
Columbia Commerce Center

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