1.71-Acre Redevelopment Opportunity Near OSU & Shopping

This exceptional 1.71-acre tree-lined property is spread across two level, build-able tax lots, and offers a unique blend of comfortable living and future development possibilities.

The existing residence has been well maintained, and offers 1,664 square feet of single story living with 3 bedrooms, 2 bathrooms, and a covered patio.

The home and property have one of the best views in town, showcasing the Oehler’s rolling farmland with their truly iconic SW Corvallis red barn with views of Mary’s Peak over the horizon.

The RS-6 zoning makes this property conducive to a variety of redevelopment options. You could keep the existing home (if desired) and add an unrestricted number of cottage clusters. If a maximum number of units is what you’re looking for, the property could be subdivided into a potential ~41 small town homes. Multifamily development is (of course) also an option, as are single family residences on their own lots.

If your plans include the existing home, you’ll appreciate the well-kept 1952 ranch for it’s classic charm, built-in storage, and the expansive picture windows capturing those lovely views. The living room features a cozy gas fireplaces and wood accent wall. The family room, with charming stonework surrounding a second gas fireplace, opens to the covered patio via sliding glass doors for effortless indoor-outdoor living.

Regardless of what you decide to use the property for, the location is highly desirable. Conveniently located between Philomath Boulevard and West Hills Road, you’re only minutes away from shopping, OSU, and downtown Corvallis.

SW 53rd Street also has direct access to a paved multi-use path that connects to campus, the C2C (Corvallis to Sea) trail, and downtown. Outdoor enthusiasts will also enjoy the close proximity to Bald Hill, Fitton Green, and other great spots renowned for their outdoor opportunities.

Showings are by advance appointment, only. Do not disturb tenants.

Don’t miss the documents/downloads tab on this page for more details- including the full offering memorandum and early title work.

Buyer to do due diligence on all aspects of the listing and intended use scenarios.