For sale is 0.89 acres of commercial/residential mixed-use land located at 51366 Preble Way in La Pine, Oregon. Approvals have been received for an 11 space modular home park. Approvals were granted March 22, 2024, and are valid for 2 years. Quotes are available for manufactured dwelling units (by Fleetwood) along with shipping rates to site. Units include eight 2-BR / 1-BA manufactured homes that are 640 square feet and three 3-BR / 2-BA manufactured homes that are 880 square feet. The homes will be permanently affixed to the real estate and leased to tenants with the underlying homesite. Based on proforma income & expenses endorsed by recent appraisal, completed valuation of a stabilized project is near $2,050,000 based on a market cap rate of 7% supported by recent and local sales comparables.