Property Description

50+ Unit Potential Confirmed: Seller has two engineered plans that demonstrate feasibility for a 51-unit project and a 30-unit project, showcasing the site's potential for meaningful scale and helping buyers visualize a clear development path. R-2 Zoning (Medium-Density Residential): Allows for flexible residential development such as duplexes, townhomes, or small multi-family units - attractive to developers seeking attainable housing options. Proximity to 99W and Regional Access: Adjacent to Highway 99W, offering quick connectivity to McMinnville (+ 9 minutes), Newberg (+ 14 minutes), Salem (+ 35 minutes), and Portland (+ 55 minutes). Level, Infill Lot: The site's relatively flat topography reduces site preparation costs. As an infill parcel, it's surrounded by existing infrastructure and services. Utilities Available at Street: Access to water, sewer, and power nearby can streamline permitting and reduce development costs. Growing Housing Demand in Yamhill County: Lafayette is part of a region experiencing housing growth pressure, making it appealing for residential developers or small-scale builders. Walkable Location: Proximity to schools, parks, and local amenities - a selling point for future residents and developers focused on livability. Largest R-2 Zoned Vacant Parcel in Lafayette: Represents the largest available medium-density residential site within city limits, offering a rare opportunity for a developer to deliver a high-impact multifamily or mixed housing project.