OR > North Bend
North Bend, OR 97459,0 Newmark
North Bend, OR 97459,0 Newmark
North Bend, OR 97459,0 Newmark
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Eric Young

Eric Young

+1(360) 901-4782
Listed by National Real Estate
$700,000
Est. payment /mo
8.09 Acres Lot
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UPDATED:

01/31/2025 03:20 PM

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 23622120

Annual Tax Amount $3,054

Tax Year 2023

Lot Size 8.090 Acres

Property Sub-Type Multi Family

Property Description

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.

Location

State OR

County Coos

Area _260

Zoning R-7

Exterior

Utilities Available ElectricityAvailable, PublicSewer, WaterAvailable

View City, Territorial, Trees Woods

Garage No

Building

Lot Description Stream, Wooded

Schools

Elementary Schools Hillcrest

Middle Schools North Bend

High Schools North Bend

Others

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Virtual Tour https://youtu.be/LiyP1gEShcQ?si=SlwKxVAF4DTHlicn

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Regional Multiple Listing Service (RMLS)
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+1(360) 901-4782

eric.young@callitclosed.com

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