$350,000

Rare Multi-lot Development opportunity! Step into a partially entitled three lot development or 4 total residences if not partitioned. Prime Springfield location; Walking distance to Autzen Stadium, Willamette riverside corridor, and Springfield High. City has completed the Development Initiation Meeting/video indicating a partition of the property into three lots. (See transcript in documents) and (See Developer Packet). City discovery completed so you’ll have documented city backed roadmap rather than a cold start. Remaining steps to complete the partition: a full survey (corner pins, elevation, drainage, and related site work) then follow-up meeting with the city to confirm requirements satisfied. Buyers to verify fees with city as many are currently waived. ADU: 720 Square foot shop built to code with conversion already underway is a significant head start. THE HOME: currently occupied needing minor repairs and upgrade. New Heavy Duty Everlife Andover Series floor covering just installed and newer roof. Street improvement is scheduled soon. Site diagram shows Rainbow Drive abutting the North side of the property and indicates the three proposed lots. Sellers change of plans provide a rare opportunity! DOCUMENTATION: Your contractor can review the entitlement work already done. Read Development Initiation Meeting transcript. It gives an informative exposure of how solution-oriented the City of Springfield has been on this project. The attached (in documents) Springfield Developer Packet is very nicely detailed. Buyer must perform Due Diligence with City.of Springfield.