425 Railroad St, Brookings, OR 97415

Prime Multi-Family Development Opportunity – Cleared Lot Near Library, Beach & Amenities. Investor alert! This level, cleared lot offers a rare opportunity to build multi-family housing in a highly desirable and convenient location. Zoned for multi-family use, this property is ideally situated just steps from the local library and just a short distance to beach access, shopping, restaurants, and other coastal amenities. Recent street improvements include paving, water-line, curb, gutter, sidewalk and storm drainage. With system development charges (SDCs) for a single-family home already paid—the city offers a discount on multi-family SDCs, crediting the already-paid single-family amount. This significantly reduces upfront costs for new development. With an ongoing rental shortage in the area and very few buildable lots like this left, this property is an exceptional opportunity for developers or investors looking to create much-needed housing in a central location. Don’t miss your … read more …