4050 Abbey LnAstoria, OR 97103

Property Details for 4050 Abbey Ln

Lot size

2.06 AC

Property type

Land

Property subtype

Commercial land

APN

80909AA00500

APU

80909AA00500

Description

This exceptional 2.06-acre waterfront development site in Astoria, Oregon, presents a unique investment opportunity. Located at 4050 Abbey Ln (APN 80909AA00500), this level parcel boasts stunning Columbia River views from two sides. The property benefits from flexible S2A commercial zoning, allowing for a diverse range of uses including retail, office, multi-family residential, hotel development, and more (subject to potential conditions). Situated in both an Opportunity Zone and an Enterprise Zone, this land offers significant tax advantages, including temporary deferral of capital gains taxes, basis step-up, and permanent exclusion of income on new gains. Utilities are readily available, with access via Abbey Lane, a paved street with curb and gutter. The site's prime location is just two blocks from Highway 30, the city's main thoroughfare, and is surrounded by thriving businesses such as the Astoria Business Center, Cannery Lofts, and the Hampton Inn. Its proximity to Pier 39, a major tourist attraction, the Astoria River Walk, and the historic trolley adds to its appeal. Astoria's robust economy, high housing demand, and bustling tourism industry make this a compelling investment. The asking price is $1,600,000, and seller financing is available. This is a rare chance to acquire a highly desirable waterfront property with immense development potential.

• Alternative Use

  Use

  Valuation

  Residential

  $23,360,432

  Hospitality

  $21,398,030

  Educational

  $17,802,910

  Medical

  $18,415,178

  Retail

  $27,693,414

Location Insight

City

Astoria

County

Clatsop

State

Oregon

Latitude

46.1951

Longitude

-123.796

CBSA code

11820

CBSA name

ASTORIA, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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