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0 Newmark

North Bend, OR 97459
  • $650,000
  • STATUS: Active
  • ON SITE: 200 Days
  • MLS #: 23622120
$650,000
  • 0
    BEDS
  • 8.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Information

Elementary School:
Middle School:
High School:

Description

Located in an OPPORTUNITY ZONE, this 8-acre parcel in North Bend City Limits offers prime potential for multi-residential development. Positioned on the 2nd highest trafficked road off Highway 101, it's centrally located between Coos Bay and North Bend. Currently zoned as R-7, the seller is open to a long escrow to accommodate a rezoning contingency. Zoning information and planning documents are available upon request.Photos and a fly-through video provide a detailed look inside the lot lines. The listing includes approximate lot line boundaries via aerial photos, marked corner survey points, and multiple survey documents from Stuntzner Engineering. Merchantable timber on the property was valued at $42,000 by Messerle and Sons, adding another layer of potential revenue.Investing in an Opportunity Zone can offer tax incentives, capital gains deferral until December 31, 2026, capital gains reduction for holding periods of at least five or seven years, and tax-free gains for investments held for at least 10 years. This investment can also contribute to improving the local economy and community, in need of more housing.Contact North Bend City Planning Department for more details on the Opportunity Zone benefits consult with a tax/financial advisor on the Opportunity Zone advantages.

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Listing content is copyright © 2024 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Keller Williams Realty Eugene and Springfield are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2024-04-19T09:31:08.087.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Keller Williams Realty Eugene and Springfield and should be independently verified.
www.eugeneareahomesearch.com/homes/144050192
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0 Newmark North Bend, OR 97459

  • Price: $650,000
  • Status: Active
  • On Site: 200 Days
  • MLS #: 23622120
0
Beds
0
Baths
0
½ Baths
8.09
Acres
Neighborhood:
260-Coos County
County:
Coos
Area:
260-Coos County
Elementary School:
Hillcrest
Middle School:
North Bend
High School:
North Bend
Property Description
Located in an OPPORTUNITY ZONE, this 8-acre parcel in North Bend City Limits offers prime potential for multi-residential development. Positioned on the 2nd highest trafficked road off Highway 101, it's centrally located between Coos Bay and North Bend. Currently zoned as R-7, the seller is open to a long escrow to accommodate a rezoning contingency. Zoning information and planning documents are available upon request.Photos and a fly-through video provide a detailed look inside the lot lines. The listing includes approximate lot line boundaries via aerial photos, marked corner survey points, and multiple survey documents from Stuntzner Engineering. Merchantable timber on the property was valued at $42,000 by Messerle and Sons, adding another layer of potential revenue.Investing in an Opportunity Zone can offer tax incentives, capital gains deferral until December 31, 2026, capital gains reduction for holding periods of at least five or seven years, and tax-free gains for investments held for at least 10 years. This investment can also contribute to improving the local economy and community, in need of more housing.Contact North Bend City Planning Department for more details on the Opportunity Zone benefits consult with a tax/financial advisor on the Opportunity Zone advantages.
Exterior Features

Attached Garage YN No Existing Structures YN No Land Description Gentle Sloping Level Rolling Slope Lot Features Stream Wooded Other Structures None Road Surface Type Paved Soil Condition Native View Description City Territorial Trees Woods View YN Yes

Interior Features

Cooling YN No Heating YN No

Property Features

Association YN No Availability Sale Bank Owned YN No Current Use Timber Green Certification YN No IDXAddress Display YN Yes Listing Terms Cash Conventional Other Property Attached YN No Property Sub Type Multi Family Short Sale YN No Tax Annual Amount 3054.01 Tax Year 2023 Utilities Electricity Available Public Sewer Water Available Zoning R-7

Listing provided courtesy of National Real Estate: .


Listing content is copyright © 2024 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Keller Williams Realty Eugene and Springfield are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2024-04-19T09:31:08.087.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Keller Williams Realty Eugene and Springfield and should be independently verified.
 
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Keller Williams Realty Eugene and Springfield
2645 Suzanne Way
Eugene OR, 97408