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0 Newmark ave
North Bend, OR 97459

$700,000 USD

Land For Sale  •  8 AC

Property Details

  • Property Type Land
  • Lot Size 8 AC
  • Zoning R-7
0 Transit Score
57 Walk Score

Description

Discover the real potential of this 8-acre parcel located within North Bend City Limits. Located right in the center of Coos Bay and North Bend, on the 2nd highest trafficked road off Highway 101. Currently zoned as R-7, this property could offer an exciting opportunity for multi-residential development with re-zoning, in a very limited-inventory area in need of more housing. Seller is open to a long-escrow to accommodate a contingency for rezoning application to be filed. Curious about the finer details? Ask for the zoning information and planning documents. The sellers have addressed many questions about this property over time, and now it's available for sale with more critical details in hand. Photos as well as a fly-through video capture a close look inside the lot lines. Schedule an appointment for a walk through to explore this land in depth. The listing includes approximate lot line boundaries via aerial photos, marked corner survey points, and multiple survey documents from Stuntzner engineering. If a buyer chooses to pursue rezoning to maximize on housing capacity, the zoning information and application documents are available. Builders and investors, this is your chance to explore the endless possibilities this property holds. Additionally, there is merchantable timber on the property, adding another layer of potential revenue. Timber was valued by Messerle and Sons at $42,000 a few years ago. There may be an opportunity to take advantage of some tax incentives due to the need for more housing.

Highlights

MULTI-FAMILY POTENTIAL
Located in the Heart of Coos Bay/North Bend
Samantha Oswald 541-252-0964 NATIONAL REAL ESTATE
Samantha Oswald 541-252-0964 NATIONAL REAL ESTATE