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Dallas Mill Industrial Park. 1551 SE Lyle St

54,000 SF Vacant Industrial Building Dallas, OR 97338 £7,833,000 (£145/SF)

Investment Highlights

  • Zoning already applied
  • Power and water serving site
  • Possible rail service
  • Inside city limits
  • Located in the Enterprise Zone
  • Fiber available

Executive Summary

The property represents one of the last large industrial parcels from the Willamette Valley up to the Portland Metro area. The parcel size offers a wide array of development opportunities, including a mixed-use project.
Approximately 17 acres of the site could be used for medium-to-high density residential product, which can be sold separately. The City of Dallas supports the land use change, subject to an application process.
Dallas is an aggressively pro-business municipality that is committed to moving quickly. The key players are very accessible and willing to brainstorm with prospects.
The property currently produces approximately $15,000 per month in income from leases.

Property Facts

Price £7,833,000
Price Per SF £145
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype Warehouse
Building Class B
Lot Size 66.13 AC
Rentable Building Area 54,000 SF
Number of Floors 1
Year Built/Renovated 1940/2013
Clear Ceiling Height 50 ft

Amenities

  • Fenced Lot
  • Yard

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 143538
  • 146683
  • 146670
Land Assessment
£1,642,619
Improvements Assessment
£288,184
Total Assessment
£1,930,803

zoning

Zoning Code IH
IH
  • Listing ID: 24627896

  • Date on Market: 08/12/2021

  • Last Updated:

  • Address: 1551 SE Lyle St, Dallas, OR 97338

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