$500,000

Development land in the heart of Adair Village with the foundational groundwork already complete. This 12.97-acre site is inside the UGB, annexed into city limits, and zoned R-2 (medium-density residential), with approximately 5.12 acres available for development and a 7.85-acre conservation easement framing the site with permanent open space along Bowers Slough. The wetland delineation is complete and approved by Oregon DSL (WD #2018-0008R). Multiple development concepts available. Three professionally prepared conceptual layouts accompany the listing: a 20-lot detached single-family subdivision, a 34-lot cottage Planned Development with open space and community building, and a 19-home pocket-neighborhood concept by Ross Chapin Architects. City water and sewer (8-inch mains) are at the property line in NE Hibiscus Drive. Feasibility study, engineer's cost estimate, and full due diligence package available. Minutes to Corvallis and OSU on the Hwy 99W corridor, adjacent to the actively built-out Calloway Creek subdivision.