320 Timbermill Dr, Klamath Falls, OR 97601
2.37 - 19.4 Acre Commercial Land Lots Offered at $980,750 - $4,225,320 USD Per Lot in Klamath Falls, OR 97601
For Sale
Active
- Property Type
-
Land
Listing Contacts
- Property Info
Property Overview
The History and Vision of TimberMill Shores
The waterways of Klamath Falls, Oregon, historically rich in timber, ranching, and farming, now host a remarkable development opportunity. TimberMill Shores is a 50-acre mixed-use project along the sunny shores of Lake Ewauna. With Phase 1 already under development—featuring the Marriott Fairfield Inn, People’s Bank with upstairs apartments, and a 92,000 SF mixed-use facility—developers now have the chance to invest in a 2.37-acre mixed-use lot fronting Lake Ewauna, complete with all infrastructure in place.
We also present Phase 2: 24.26 acres of prime lakefront land zoned Mixed Use, offering flexibility for developers to shape the future of this vibrant region. This land can be divided into a 4.86-acre option and a 19.40-acre option, priced competitively at $5/SF, making it a cost-effective opportunity for bringing visionary projects to life.
The development includes dedicated public land space, geothermal capabilities, and tax-friendly opportunity and enterprise zones. Mixed-use developments capitalize on the “Live-Work-Play” environment, and TimberMill Shores is no exception with its pedestrian-friendly integration of retail, office, residential, hotel, recreation, and other functions. Developers have remarkable flexibility with this zoning, fostering the vision to capture a “Live-Work-Play” environment with many amenities and an integrated architectural expression. This is a truly unique and unparalleled investment opportunity.
Financial Benefits
Developing TimberMill Shores offers significant financial advantages. With the approved Urban Renewal District (URD), developers can recoup a considerable amount of infrastructure capital expenses, benefiting from nearly $1 million available for qualified improvements (subject to change). The competitively priced Phase 2 land at $5/SF ensures affordability, while lower operating costs, a favorable county tax structure, and available property tax incentives further enhance the financial appeal.. Access to abundant renewable energy sources like geothermal and solar, no sales tax, and affordable development costs make this a financially sound investment.
The waterways of Klamath Falls, Oregon, historically rich in timber, ranching, and farming, now host a remarkable development opportunity. TimberMill Shores is a 50-acre mixed-use project along the sunny shores of Lake Ewauna. With Phase 1 already under development—featuring the Marriott Fairfield Inn, People’s Bank with upstairs apartments, and a 92,000 SF mixed-use facility—developers now have the chance to invest in a 2.37-acre mixed-use lot fronting Lake Ewauna, complete with all infrastructure in place.
We also present Phase 2: 24.26 acres of prime lakefront land zoned Mixed Use, offering flexibility for developers to shape the future of this vibrant region. This land can be divided into a 4.86-acre option and a 19.40-acre option, priced competitively at $5/SF, making it a cost-effective opportunity for bringing visionary projects to life.
The development includes dedicated public land space, geothermal capabilities, and tax-friendly opportunity and enterprise zones. Mixed-use developments capitalize on the “Live-Work-Play” environment, and TimberMill Shores is no exception with its pedestrian-friendly integration of retail, office, residential, hotel, recreation, and other functions. Developers have remarkable flexibility with this zoning, fostering the vision to capture a “Live-Work-Play” environment with many amenities and an integrated architectural expression. This is a truly unique and unparalleled investment opportunity.
Financial Benefits
Developing TimberMill Shores offers significant financial advantages. With the approved Urban Renewal District (URD), developers can recoup a considerable amount of infrastructure capital expenses, benefiting from nearly $1 million available for qualified improvements (subject to change). The competitively priced Phase 2 land at $5/SF ensures affordability, while lower operating costs, a favorable county tax structure, and available property tax incentives further enhance the financial appeal.. Access to abundant renewable energy sources like geothermal and solar, no sales tax, and affordable development costs make this a financially sound investment.
Property Details
- Property Subtype
- Commercial
Highlights
- Prime lakefront location along Lake Ewauna
- High visibility and accessibility from 5th Street corridor
- Phase 1 has all utilities at the street
- Phase 2 is competitively priced at $5/SF
- Geothermally heated sidewalks
- Fiber optic infrastructure
Nearby Properties
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