1829-1865 SW G Street, Grants Pass, OR 97526 - Josephine County

PUBLISHED RESERVE: $499,500

LAST ASKING: $899,000

SIZE: 6.52± Acres

ZONING: R3 (High Density Residential - 17.4 Units per Acre)

PROPERTY INSPECTION: At Any Time

FINANCING: None - All Cash

DESCRIPTION: This 6.52± acre residential development site is located in Grants Pass, and was proposed for a 77-unit townhome development known as Heatherwood Estates. The property is located between Rogue River and Redwood Highway in western Grants Pass. The Scenic Bayou development of affordable homes by Valerian Homes is adjacent to the site.

The property had been tentatively approved for 77 individual lots to accommodate 94 residential units. The development plan was not finalized, and all permits expired in June 2008. The property is partially improved with asphalt paving, concrete curbs, some sidewalks and underground utilities. A new owner will need to submit plans to the city of Grants Pass for development. Options could include a redesign for single-family or multiple-family, based on zoning. There is a tentative approval still pending for 31 single family lots. (See Supplemental Information Package for Grants Pass zoning, Planning Commission documents, and other pertinent documents.) The 6.52± acre development site has 468± feet of frontage along the south side of G Street (Rogue River Highway) and 639± feet along the west side of Leonard Street.