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Listed by The Whitney Land Company

$1,440,000

Est. payment - /mo

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38.4 Acres Lot

Active

W. Punkin Center Rd Hermiston, OR 97838

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Tommy Jedrzejczyk

tommy@tltre.com +1(503) 506-4646

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Key Details

Property Type Vacant Land

Sub Type Residential Recreational

Listing Status Active

Purchase Type For Sale

MLS Listing ID 192224629

HOA Y/N No

Annual Tax Amount $2,836

Tax Year 2024

Lot Size 38.400 Acres

Property Sub-Type Residential Recreational

Property Description

The Hermiston Development property is 38.4 +/- contiguous acres of vacant land, zoned R-1, located within the city limits of Hermiston, OR. Residing at the end of West Punkin Center Road, the location is perfect with quick access to the heart of town as well as an easy exit if your travels take you elsewhere. The property is situated on a mild sloping hill, allowing for excellent top to bottom southward views of the City of Hermiston, the northeastern Oregon's rolling foothills, as well as the more distant Blue Mountains.Hermiston Growth and Economy:Hermiston, Oregon, has experienced significant economic growth in recent years, positioning itself as a dynamic hub in Eastern Oregon. In 2024, the city set a new benchmark with commercial, industrial, and residential construction permits totaling $266 million, marking a record for development and investment. This surge in construction activity aligns with Hermiston's robust population growth; projections indicate a 33% increase from 2016 to 2035, with 80% of Umatilla County's growth occurring in the Greater Hermiston Area. This expansion is further supported by the area's strategic location near major freeways and proximity to the Tri-Cities in Washington, enhancing its appeal for logistics and data center operations. As Hermiston continues to grow, it attracts significant investments, diversifies its economy, and solidifies its status as a key economic center in the region.Property Quick Facts:-38.4 +/- acres zoned R-1 (minimum lot size 8,000sqft) within the city limits of Hermiston, OR.- Property sits inside an IRS Opportunity Zone, providing additional tax breaks for every dollar spent on development or improvements. - Adjacent to the future site of the West Punkin Center Extension Project which will extend the existing road, bridge the Umatilla River, and provide new direct access to I-82.

Location

State OR

County Umatilla

Area _431

Zoning R-1

Exterior

Utilities Available None, Other

View City, Mountain

Garage No

Building

Lot Description Bluff, Corner Lot

Schools

Elementary Schools Loma Vista

Middle Schools Other

High Schools Hermiston

Others

Acceptable Financing CallListingAgent, Cash, Conventional

Listing Terms CallListingAgent, Cash, Conventional

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

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