1897 Cochrane Lane
- Minutes from downtown Dallas and 20–25 minutes from Salem
- Opportunity for a developer seeking near-term upside in a supply-constrained acreage market
- Draft lot line adjustment and parcel configuration approved by Polk County, providing a roadmap for subdivision into highly marketable 2–3 acre homesites
- Survey work and full implementation of the lot line adjustments to be completed by the buyer
- Entitlement steps have already been initiated and substantially advanced
Property Description
Strategic Land Opportunity - County-Approved Framework in Place ±15 Acres (653,400 SF) | $1,444,000 ($2.21/SF) The property is being offered with a draft lot line adjustment and parcel configuration approved by Polk County, providing a clear roadmap for subdivision into highly marketable 2–3 acre homesites. While final survey work and full implementation of the lot line adjustments remain to be completed by the buyer, the most time-consuming entitlement steps have already been initiated and substantially advanced. This creates a unique positioning in the marketplace: • Not raw, speculative land • Not fully entitled and priced at retail • But strategically positioned in between The proposed configuration capitalizes on Rickreall Creek frontage, territorial views, and desirable acreage sizes consistent with recent buyer demand in the Dallas market. With two existing wells serving current residences, the next phase of development will include additional well drilling and final survey implementation—costs that are reflected in pricing and provide margin opportunity for a capable developer. In short, this is a value-add rural land play: the planning framework is in place, the layout is market-aligned, and the remaining work is executable. For a developer willing to complete the final survey and entitlement steps, the opportunity exists to capture the spread between bulk acquisition and retail parcel value.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $1,444,000 |
| No. of Units: | 1 |
| Year Built: | 2006 |
| Lot Size: | 15.00 Acres |
| Opportunity Zone: | No |
| Price per unit: | $1,444,000 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
104 W Washington Ave
Union Gap, Washington
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout