840 Airport Rd SE - Residential LAND FOR SALE


Albany, OR 97322 281,398 SF
$2,250,000 USD
503-225-8487
840 Airport Rd SE, Albany, OR for Sale
$2,250,000 USD
Residential LAND - FOR SALE
1/9
281,398 SF

840 Airport Rd SE
Albany, OR 97322


HIGHLIGHTS

  • Close to I-5, Heritage Mall, and Swan Lakes
  • Near major roads and transportation routes
  • Strong local housing demand driven by population growth
  • Located in Willamette Valley with steady regional expansion
  • Reports completed and permits prepaid

OVERVIEW

• 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. • 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.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/ACRE

$348,297/AC

PRICE/SF

$8 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Franklin Reserve Development Land

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Single Family Development

LAND ACRES

6.46 AC

LAND SF

281,398 SF

OFFSITE IMPROVEMENTS

-

ZONING

RS-5

APN/PARCEL ID

0108411

ASK ABOUT THIS PROPERTY

David ChatfieldNorris & Stevens, Inc.More Info
503-225-8487

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David ChatfieldNorris & Stevens, Inc.More Info
503-225-8487

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.