5961 Lookingglass RdRoseburg, OR 97471

Property Details for 5961 Lookingglass Rd

Lot size

324.62 AC

Property type

Agricultural properties

Property subtype

Other land

Description

This exceptional 324.62-acre ranch in Douglas County, Oregon's desirable Lookingglass Valley presents a rare investment opportunity. Priced at $2,599,000, this property boasts level agricultural land perfect for grazing cattle or horses. The rich soil and peaceful setting create an idyllic environment. The ranch's history includes registration as a short-horn ranch, and the pasture is currently under a seasonal lease. Two ponds provide water resources, although one may be lower during summer months. The property includes a manufactured home suitable for renovation or replacement with a custom-built ranch home. Adding to the investment potential are two additional income-producing rental homes. Existing infrastructure includes a hay and equipment shed, and a feed barn equipped with metal racks. The property is comprised of eight tax lots (R21369, R21393, R122530, R21409, R21417, R21377, R21401, R21385, and M87861) and is zoned Farm Forest. The sale is structured for a 1031 exchange, and the property is held in trust. The current lease expires July 1, 2024. This is a unique opportunity to acquire a substantial and productive agricultural property in a highly sought-after location.

Location Insight

City

Roseburg

County

Douglas

State

Oregon

Latitude

43.1871

Longitude

-123.466

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