- For Sale $2,250,000
- Property Type VacantLand
- Lot Size 6.22 Acre
- Date Updated May 1, 2026
Description
Located just minutes from the most undersupplied and rent-burdened housing market in Corvallis, Oregon and close to North Albany Village Shopping Center, this site offers RM Zoning which allows up to 150 units and allows single-dwelling units, townhomes, plexes, cottage clusters, and apartments up to 45 feet tall.* No wetlands. ODOT has approved that the current storm drain culvert is large enough to accommodate development. All things equal, seller prefers a quicker close over a longer contingency/entitlements period.
*Buyer to check with City of Albany Residential Zoning.Located just minutes from the most undersupplied and rent-burdened housing market in Corvallis, Oregon and close to North Albany Village Shopping Center, this site offers RM Zoning which allows up to 150 units and allows single-dwelling units, townhomes, plexes, cottage clusters, and apartments up to 45 feet tall.* No wetlands. ODOT has approved that the current storm drain culvert is large enough to accommodate development. All things equal, seller prefers a quicker close over a longer contingency/entitlements period.
Highlights
- Desirable Residential Area of Albany
- Exceptionally Positioned as Bedroom Community to OSU/Corvallis (State’s Most Rent Burdened Market)
- Greater Albany Public School District
- High Growth Area
- Minimal Current Property Taxes of $10,720 Per Year
- Population Expected to Grow by Anywhere From 25.6% to 36.9% by 2040 (Increase of 39% From 2000 to 2020)
- Positive Employment Trends and Diverse Employment Base
- RM Zoning
- Short Drive To Salem
- Up to 25 Units Per Gross Acre
False
Contacts
Bjorn Beer
SVN | Imbrie Realty
Location
Contact Listing Broker
Bjorn Beer
SVN | Imbrie Realty
