Franklin Reserve Land

840 Airport Rd SE, Albany, OR 97322

  • For Sale $2,250,000
  • Property Type VacantLand
  • Lot Size 6.46 Acre
  • Date Updated Apr 23, 2025
Located in the Willamette Valley with steady regional expansion.This offering includes two prime parcels—3.22 acres and 3.24 acres—zoned RS-5 and located in Albany, OR, just south of Swan Lakes and under half a mile from Heritage Mall. With proximity to major transit corridors, established infrastructure, and a strong local community, the property is well-positioned for immediate development. A fully approved Planned Development covers the combined 6.5 acres and includes entitlements for: • A 44-unit multifamily project across four buildings • 11 single family homes • 31 garage/storage units (10'x20') The project is shovel-ready: civil engineering and architectural plans are complete and stamped, landscape and erosion control plans are approved, permits are purchased, tree removal and wetland delineations are done, and all site improvements are ready to begin.
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Highlights

  • ± 3.22 AC and ± 3.24 AC parcels
  • Close to I-5, Heritage Mall, and Swan Lakes
  • Near major roads and transportation routes
  • Strong local housing demand driven by population growth
  • Reports completed and permits prepaid

Contacts

broker
Mike Brown

Norris & Stevens

Location

Getting Around

  • Walk Score ®

    47/100 Car-Dependent

  • Bike Score ®

    53/100 Bikeable
Powered by Walk Score ®
  • City Albany, OR
  • Zip Code 97322
  • Market Eugene

Points of Interest

  • Albany

    1.94 miles

  • Shell

    0.25 miles

  • Costco Gasoline

    0.44 miles

  • Chevron

    0.55 miles

  • Electrify America

    0.83 miles

  • Safeway Fuel Station

    0.92 miles

  • Pacific Pride

    1.18 miles

  • Mobil

    2.26 miles

  • Arco

    2.29 miles

  • Love's

    4.56 miles

  • Leather's Fuel

    5.40 miles

  • Automobile Parking

    7.31 miles

  • Truck and RV Parking

    7.31 miles

  • Rest Area I-5 (South Bound)

    7.52 miles

  • Arboretum Parking Lot

    8.45 miles

  • Wintel Road East Parking

    9.39 miles

  • Wintel Road Middle Parking

    9.55 miles

  • Samaritan Hospital Parking

    9.59 miles

  • Wintel Trailhead Parking

    9.61 miles

  • Best Western Prairie Inn

    0.32 miles

  • Rodeway Inn

    0.37 miles

  • Phoenix Inn

    0.40 miles

  • La Quinta Inn

    0.57 miles

  • Super 8

    0.60 miles

  • Comfort Suites

    0.73 miles

  • Holiday Inn Express & Suites

    0.77 miles

  • St. Francis

    2.25 miles

  • Best Western Premier Boulder Falls Inn

    9.50 miles

  • The Original Breakfast

    0.22 miles

  • Abby's

    0.27 miles

  • Denny's

    0.37 miles

  • Elmer's

    0.44 miles

  • Taco Time

    0.45 miles

  • Burger King

    0.45 miles

  • Carl's Jr.

    0.48 miles

  • Panera Bread

    0.49 miles

  • Golden Town Buffet

    0.50 miles

  • DQ Grill & Chill

    0.51 miles

  • South Shore Elementary School

    0.37 miles

  • Waverly Elementary School

    0.73 miles

  • Albany Welding School

    1.00 miles

  • Periwinkle Elementary School

    1.11 miles

  • Timber Ridge

    1.48 miles

  • Sunrise Elementary School

    1.69 miles

  • Albany Christian School

    1.80 miles

  • Good Shepherd Lutheran School

    1.85 miles

  • Calapooia Middle School

    1.87 miles

  • South Albany High School

    1.90 miles

  • Maple Lawn Preschool

    0.94 miles

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Contact Listing Broker
broker
Mike Brown

Norris & Stevens

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