0 Newmark
NorthBend, OR 97459
- – beds
- – baths
- – sqft
- ~8 acre lot
- – on site
Located in an OPPORTUNITY ZONE, this 8-acre parcel in North Bend City Limits offers prime potential for multi-residential development. Positioned on the 2nd highest trafficked road off Highway 101, it's centrally located between Coos Bay and North Bend. Currently zoned as R-7, the seller is open to a long escrow to accommodate a rezoning contingency. Zoning information and planning documents are available upon request.Photos and a fly-through video provide a detailed look inside the lot lines. The listing includes approximate lot line boundaries via aerial photos, marked corner survey points, and multiple survey documents from Stuntzner Engineering. Merchantable timber on the property was valued at $42,000 by Messerle and Sons, adding another layer of potential revenue.Investing in an Opportunity Zone can offer tax incentives, capital gains deferral until December 31, 2026, capital gains reduction for holding periods of at least five or seven years, and tax-free gains for investments held for at least 10 years. This investment can also contribute to improving the local economy and community, in need of more housing.Contact North Bend City Planning Department for more details on the Opportunity Zone benefits consult with a tax/financial advisor on the Opportunity Zone advantages.
Last checked:
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Checking…
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Last updated Aug 6, 2024
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MLS# 23622120 —
Financial & Terms
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Bank Owned:false
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Land Lease:false
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Short Sale:false
Location
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Directions:Highway 101 to Newmark, right-hand side before Kenware Chevrolet dealership
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Latitude:43.391867
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Longitude:-124.2321
The Property
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Parcel Number:356321
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Property Type:Land
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Property Subtype:MultiFamily
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Land Description:GentleSloping,Level,RollingSlope
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# of Lots:1
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Lot Features:Stream, Wooded
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Lot Size Range:Acres7to10
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Lot Size Acres:8.09
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Lot Size SqFt:352400.0
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Zoning:R-7
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Current Use:Timber
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View:true
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View Description:City, Territorial, TreesWoods
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Soil Condition:Native
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Existing Structures:false
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Property Attached:false
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Road Surface Type:Paved
Listing Agent
- Contact info:
- Agent phone:
- (541) 252-0964
- Office phone:
- (541) 252-0964
Taxes
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Tax Year:2023
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Tax Legal Description:25S-13W-22BA TL 2100
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Tax Annual Amount:3054.01
The Listing
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Virtual Tour URL Unbranded:https://youtu.be/LiyP1gEShcQ?si=SlwKxVAF4DTHlicn
Heating & Cooling
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Heating:false
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Cooling:false
Utilities
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Utilities:ElectricityAvailable,PublicSewer,WaterAvailable
Schools
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Elementary School:Hillcrest
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Middle Or Junior School:North Bend
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High School:North Bend
Parking
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Attached Garage:false
Extra Units
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Other Structures:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/15/24
Jul 15, 2024
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Price Changed | RMLS | $700,000 | 7.7% |
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10/4/23
Oct 4, 2023
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Listed / Active | RMLS | $650,000 |
