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Listed by Realty One Group Willamette Valley
$ 499,900
Est. payment | /mo
0.6 Acres Lot
$ 499,900
Est. payment | /mo
0.6 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 531568679
HOA Y/N No
Annual Tax Amount $1,672
Tax Year 2025
Lot Size 0.600 Acres
Property Sub-Type Multi Family
Property Description
Exceptional development opportunity in the heart of McMinnville. This R-4 zoned lot has been extensively prepared for construction, offering substantial time and cost savings for builders and investors. Approved plans and permits are in place for three spacious three-story residences, each exceeding 3,000 square feet, with basement areas that may offer additional finished living space opportunities subject to buyer verification.The site has been graded, and foundation forms and rebar are installed and ready for concrete. Most development fees have been paid, with approximately $30,000 in remaining SDC charges. R-4 zoning may allow for additional density and future development alternatives, subject to city approval and buyer due diligence.Conveniently located in McMinnville. Shopping, restaurants, parks, and Linfield University. Whether building the currently approved project or exploring other development possibilities, this property presents a rare opportunity to acquire a shovel-ready site with significant pre-development work already completed.Do not enter the property without an appointment and licensed broker accompaniment. Listing agent available to show the property to unrepresented buyers. Buyer to verify all zoning, development potential, permits, fees, and intended uses with the City of McMinnville.
Location
State OR
County Yamhill
Area _156
Zoning R-4
Exterior
Utilities Available SewerConnected, WaterAvailable
Garage No
Schools
Elementary Schools Buel
Middle Schools Duniway
High Schools Mcminnville
Others
Acceptable Financing CallListingAgent, Cash
Listing Terms CallListingAgent, Cash
