$500,000 Prime Property for Multi-use Development (Myrtle Creek)
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13.4 acres located in the city of Myrtle Creek (southwestern Oregon), one mile from the closest Interstate 5 ramp. The property is zoned for a wide variety of uses. A portion is classified as seasonal wetlands.
The property is rectangular in shape and mostly level to slightly sloped. 2.4 acres are zoned General Commercial and abuts state highway 99. Permitted commercial uses include retail sales, services & trades, and residential care facilities.
Nine acres are zoned High Density Residential, with permitted uses including assisted living facilities, affordable senior housing, retirement homes, nursing homes, rest homes, multi-family dwellings, duplexes, and single family homes. Maximum residential density is 25 units per acre. The remaining 2 acres are zoned Residential Hillside, with permitted uses of single family homes.
All cash price is $500,000. Owner financing available at a low rate of interest, depending on sales price, down payment and length of loan.
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