7.18 Acre Parcel on Hwy 18

Hwy 18 Sheridan, OR 97378

Hwy 18, Sheridan, OR, 97378
Property Line
Hwy 18, Sheridan, OR, 97378 Hwy 18, Sheridan, OR, 97378
FOR SALE
Property Type:
Other Land
Amount:
$319,000
Last Verified:
Oct 29, 2024

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Highlights

  • Hwy frontage
  • Surrounded by residential and industrial developments
  • Inside Sheridan city limits
  • Commercial zone provides a myriad of approved uses

Description

Zoned "Commercial District" (C) with the City of Sheridan, this broad zoning includes uses including retail service, office, wholesale trade/distribution, some manufacturing, and more (buyer to execute due diligence on their own behalf). The property is bordered by residential housing to the north, light manufacturing to the east, Hwy 18 on the south, and a church to the west. Access is provided by easement along the northwest portion of the property.

Sheridan, Oregon is a rural community in Yamhill County on the cusp of wine country and on Hwy 18 at the foothills of the Oregon Coastal mountains. Historically, the primary economic driver in Sheridan has been the timber industry. In 1989, FCI Sheridan opened as a medium security federal correctional institution that brought an influx of living wage jobs into the community.
The property in question is situated near the Balston Rd interchange and Hwy 18. Uses in the area include single-family housing to the north of this parcel and light manufacturing to the east.

Lot Size: 7.18 acres


Documents

7 AC Hwy 18 Land

Map of Hwy 18, Sheridan, OR, 97378

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.