Hwy 101, Bandon, OR 97411 - Coos County

Property 124

Highway 101 Commercial Sites

Address

Hwy 101 , Bandon, Coos County, Oregon

Published Reserve

$225,000

Original Asking Price

$495,000

Size

4.14 Acres, Parcel A: 2.0 Acres, Parcel B: 2.14 Acres

Zoning

C2 (Bandon Highway Commercial Zone)

Property Inspection

At Any Time

Financing

Subject to Sellers approval of Purchasers credit: A 25% down payment with the balance secured by a first deed of trust, amortized over 25 years at 6% interest, calling for monthly payments of principal and interest; all due and payable at end of 3 years.

Description

This 4.14 acre commercial development site is located at the south end of the city of Bandon along Highway 101 within a 15 minute drive of Bandon Dunes Golf Resort, rated as one of the best golf courses in the United States. The property, located on the west side of Highway 101 between Edna Lane and Seabird Drive, has 364 feet of frontage with a curb cut in the middle of the site. Water and sewer are extended to the property as part of an ODOT/City of Bandon Highway 101 improvement project.

The property may be purchased in its entirety, or bids may be submitted on either Parcel A or B, providing opportunity for two individual developments with shared access, subject to partition approval by the city of Bandon.

LOCATION: Highway 101 between Edna Lane and Seabird Drive Bandon, Oregon. Tax Lot 3200, Map 281536 DA

SEALED BIDS DUE NO LATER THAN 5:00 P.M., NOVEMBER 16, 2011

This auction property is a real estate gift to Sacred Heart Medical Center Foundation in Eugene/Springfield, Oregon and the sale proceeds will benefit social service agencies in Lane County which partner with the hospital for indigent care. If you are interested in making a real estate gift, please contact Beth Walsh at the Sacred Heart Medical Center Foundation (541) 7434759