215 West 5th Street
- 50+ Unit Potential Confirmed: Seller has two engineered plans that demonstrate feasibility for a 51-unit project and a 30-unit project, showcasing the site's potential for meaningful scale and helping buyers visualize a clear development path.
- R-2 Zoning (Medium-Density Residential): Allows for flexible residential development such as duplexes, townhomes, or small multi-family units —attractive to developers seeking attainable housing options.
- Proximity to 99W and Regional Access: Adjacent to Highway 99W, offering quick connectivity to McMinnville (± 9 minutes), Newberg (± 14 minutes), Salem (± 35 minutes), and Portland (± 55 minutes).
- Level, Infill Lot: The site’s relatively flat topography reduces site preparation costs. As an infill parcel, it's surrounded by existing infrastructure and services.
- Utilities Available at Street: Access to water, sewer, and power nearby can streamline permitting and reduce development costs.
- Growing Housing Demand in Yamhill County: Lafayette is part of a region experiencing housing growth pressure, making it appealing for residential developers or small-scale builders.
- Walkable Location: Close to schools, parks, and local amenities — a selling point for future residents and developers focused on livability.
- Largest R-2 Zoned Vacant Parcel in Lafayette: Represents the largest available medium-density residential site within city limits, offering a rare opportunity for a developer to deliver a high-impact multifamily or mixed housing project.
Property Description
PRICE REDUCED! R-2 MULTI-FAMILY DEVELOPMENT LAND 50+ UNIT POTENTIAL OFF 99W
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $699,000 |
| Lot Size: | 6.47 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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