For Sale

Franklin Reserve Land

840 Airport Rd SE,
Albany, OR 97322

Asset Snapshot

6.46 Acres
Land Area

Offering Summary

Investment Overview

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.


Investment 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

How it Works

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Listing Syndicated From

Buildout
For Sale
$2,100,000
Asking Price

Investment Sales Broker

David Chatfield
Norris & Stevens