1260 Plummer Ave

Martin Outdoor Property Group, in coordination with Merit Commercial Real Estate, is pleased to exclusively present a land assemblage development or investment sale of a package of 5 separate, but adjacent parcels in Grants Pass, Oregon (the “Portfolio”).

Situated across five contiguous parcels totaling 0.97 acres, with multiple driveways from Plummer Avenue and Edgewater Drive, the site is an ideally flexible project.

The Portfolio offers an attainably sized, flexible package of existing homes on individual parcels. This combination of layout and price could allow prospective developers to renovate the existing homes for rent or future sale, or develop a new cohesive project in an area that almost never sees a site this size come available.

Located within 650′ of the Rogue River, and within a quarter mile of the beautiful Tussing Park (public river access), the Portfolio is ideally located in a quiet residential neighborhood while remaining close to major transportation routes.

The existing single-family homes (one is located on each of the five tax lots) are a mix of two stick-built, standalone SFRs on foundations and three manufactured homes. Buyers are to do all due diligence for possible financing and and compliance of manufactured homes.

Four of the five homes are currently leased to longer-term tenants, allowing an income stream while developers plan and design their project. 1260 Plummer Avenue has been recently partially remodeled, and would allow an immediate boost in value by finishing the interior work.

Additionally, the combination of the recently implemented CFEC (reduced parking requirements – see page 13) and HB 2001 (statewide mandate of allowing duplexes on SFR lots), the potential density of a ground-up development project at the site could be substantial.

The opportunity for the Portfolio is clear – contact brokers for more info! Buyer is responsible for any and all due diligence.