81242 Highway 395Hermiston, OR 97838

Property Details for 81242 Highway 395

Year built

1967

Lot size

18.60 AC

Property size (Sq ft)

1,450 SF

Zone code

LI

Property type

Commercial real estate

APN

5N2827B001000

APU

5N2827B001000

Description

This exceptional 18.6-acre industrial property in Hermiston, Oregon, presents a unique investment opportunity. The property, located at 81242 N Hwy 395, boasts a substantial 1,078,110 square feet of space across five single-story buildings. Currently configured as a paved oval racetrack with grandstands, concession facilities, ticket booths, restrooms, and ample onsite parking (200 spaces), this versatile property offers significant redevelopment potential. The property features LI zoning and includes a pit area. Built in 1967, the property is offered for sale by owner, with an asking price of $2,000,000 ($75,000/acre land value). Utilities include community water and a septic tank

• Alternative Use

  Use

  Valuation

  Residential

  $338,190

  Hospitality

  $309,780

  Educational

  $257,734

  Medical

  $266,598

  Retail

  $400,919

Location Insight

City

Hermiston

County

Umatilla

State

Oregon

Latitude

45.8915

Longitude

-119.301

CBSA code

25840

CBSA name

HERMISTON-PENDLETON, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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