Franklin Reserve Land

840 Airport Rd SE, Albany, OR 97322

Property Information

  • For Sale $2,250,000
  • Property Type VacantLand
  • Lot Size 6.46 Acre
  • Date Updated Feb 3, 2026

Description

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.

Highlights

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

Contacts

David Chatfield

Norris & Stevens

Location

Contact Listing Broker
David Chatfield

Norris & Stevens

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