T/L9500 2Nd StToledo, OR 97391

Prime commercial land totaling .55 acres (.55 acres = 23,958 sq ft) is available for purchase in the heart of Toledo, Oregon, for $300,000. This exceptional property consists of five contiguous lots (Property Tax ID #'S: R373143, R375504, R380226, R382580, & R384927), sold together, and is zoned for commercial use, offering a multitude of development possibilities. The site boasts ample space for the construction of 20 or more units, making it an attractive investment opportunity. Conveniently located near NW 2nd and 3rd Streets, the property offers excellent accessibility. A few mature trees enhance the aesthetic appeal of the largely clear lots. Potential buyers are encouraged to consult with the City of Toledo planning department to explore the full range of permitted uses. The property's location offers potential views of the Yaquina River and Depot Slough, particularly from a multi-story building. Situated on the west side of The Crows Nest Gallery, this property presents a unique chance to capitalize on a desirable location. This is a remarkable investment opportunity, offering significant potential for future development and growth.