0 Newmark Street
$700,000
352,400 / 8.09
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Description
Located in an OPPORTUNITY ZONE, this 8-acre parcel in North Bend City Limits offers prime potential for multi-residential development. Positioned on the 2nd highest trafficked road off Highway 101, it's centrally located between Coos Bay and North Bend. Currently zoned as R-7, the seller is open to a long escrow to accommodate a rezoning contingency. Zoning information and planning documents are available upon request. Photos and a fly-through video provide a detailed look inside the lot lines. The...Located in an OPPORTUNITY ZONE, this 8-acre parcel in North Bend City Limits offers prime potential for multi-residential development. Positioned on the 2nd highest trafficked road off Highway 101, it's centrally located between Coos Bay and North Bend. Currently zoned as R-7, the seller is open to a long escrow to accommodate a rezoning contingency. Zoning information and planning documents are available upon request. Photos and a fly-through video provide a detailed look inside the lot lines. The listing includes approximate lot line boundaries via aerial photos, marked corner survey points, and multiple survey documents from Stuntzner Engineering. Merchantable timber on the property was valued at $42,000 by Messerle and Sons, adding another layer of potential revenue. Investing in an Opportunity Zone can offer tax incentives, capital gains deferral until December 31, 2026, capital gains reduction for holding periods of at least five or seven years, and tax-free gains for investments held for at least 10 years. This investment can also contribute to improving the local economy and community, in need of more housing. Contact North Bend City Planning Department for more details on the Opportunity Zone benefits consult with a tax/financial advisor on the Opportunity Zone advantages.
- Listed by Samantha Oswald • National Real Estate
Property Details for 0 Newmark Street
Zoning
R-7
ViewCity, Territorial, Trees Woods
LISTING UPDATED: 08/05/2024 07:45 PM
Property Details for 0 Newmark Street
Status | Active |
---|---|
MLS # | 23622120 |
Days on Market | 444 |
Taxes | $3,054 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land / Multi Family |
Year Built | - |
Lot Size | 8.09 AC |
County | Coos County |
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Building Information for 0 Newmark Street
Building Size-Lot Size8.09 AC
Property Information for 0 Newmark Street
Schools near 0 Newmark Street
This home is within North Bend School District 13.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 12 |
Rating | School | Distance |
---|---|---|
Hillcrest Elementary School PublicK to 5 | ||
North Bend Middle School Public6 to 8 | ||
North Bend Senior High School Public9 to 12 | ||
Oregon Virtual Academy CharterK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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