Creswell Development Land OM by cinw.com

LEGALDISCLOSURE

Theinformationcontainedinthismarketingbrochureisproprietary andstrictlyconfidential.Itisintendedtobereviewedonlybythe partyreceivingitfromCommercialIntegrity,NWandshouldnot bemadeavailabletoanyotherpersonsorentitieswithoutwritten consentofCommercialIntegrity,NW Theinformationcontained hereinhasbeenpreparedtoprovidesummary,unverified financialandphysicalinformationtoprospectivepurchasersto establishapreliminarylevelofinterestintheSubjectProperty. THEINFORMATIONCONTAINEDHEREIN

CommercialIntegrity,NWhasnotmadeanyinvestigation,andmakes nowarrantyorrepresentationwithrespecttotheincomeorexpense fortheSubjectProperty,thefutureprojectedfinancialperformanceof theSubjectProperty,thesizeorsquarefootageandimprovements,the presenceorabsenceofcontaminatingsubstances,PCBsorasbestos, thecompliancewithlocal,stateandfederalregulations,thephysical conditionoftheimprovementsthereon,orfinancialconditionorbusiness prospectsofanytenant,oranytenant’splanorintentionstocontinueto occupytheSubjectProperty.Theinformationcontainedhereinhasbeen obtainedfromsourceswebelievetobereliable;however,Commercial Integrity,NWhasnotverifiedandwillnotverify,anyoftheinformation containedherein,norhasCommercialIntegrity,NWconductedany investigationregardingthesemattersandmakesnowarrantyor representationwhatsoeverregardingtheaccuracyorcompleteness oftheinformationprovided.Allpotentialpurchasersmusttake appropriatemeasurestoverifyalloftheinformationsetforthherein.

$149,206/acre

$5,987/Unit

CRESWELLDEVELOPMENTLAND

460-580

*assumingmaximumunitsbuiltbasedon25unit/acredensitybonusforfullysprinkledbuildings

Zoning

RM-MediumDensity

Residential

8-18Unit/Acre

Bonus25/Acre

Lane

SingleFamilyHome

Flat

NotAvailabletoSite Rectangular 1spacefor1bedroom,1.5 spacesfor2bedroom,2 spacesfora3bedroom

460 N MILL STREET, CRESWELL, OR 97426

Land

Zoning Parcel# 6.03AC RM-Med 0832186

580 N MILL STREET, CRESWELL, OR 97426

ZONINGCODEANALYSIS

RM-MediumDensityResidential

Theresidentialmediumdensity(RM)districtisintendedtoaccommodateawidervariety ofhousingtypes,includingmoreattachedandsmalllothousing,thanisallowedintheRL district

Residential-Medium(RM)District TheRMdistrictmaybeappliedthroughaquasi-judicial (TypeIII)amendmentapprovedbythePlanningCommissiontoanyresidentially designatedparcel,orgroupofparcels;provided,thatthesubjectsitehasatleast40feet offrontageontoacollectororhigher-classificationroadwaywithpedestrianfacilities,and thezonechangeconformstothepurposeinthissectionandapplicableregulatory policiesofthecomprehensiveplan.

Thebuildingcodeallowsforastandarddensityof18unitsperacre,butcanbeincreased to25unitsperacreonbuildingsequippedwithasprinklersystem.Utilizingthesebonuses, thepropertyhasthepotentialtobuildupto157units,bringthepurchasepriceis$5,987 perunit.

Parkingformula:1spacefor1bedroom,1.5spacesfor2bedroom,2spacesfora3 bedroom

AREAHIGHLIGHTS

NestledintheheartofLaneCounty,Creswellisathrivingcommunitythatblends small-towncharmwithstrategicgrowthopportunities.Locatedjust10milessouth ofEugeneand120milessouthofPortland,thecityoffersexcellentaccessibilityvia Interstate5,ensuringseamlessconnectionstomajormarketswhilemaintaining theappealofaquieter,rurallifestyle.Additionally,EugeneAirport,locatedonly25 minutesaway,providesconvenientregionalandnationaltraveloptions.

Creswell’seconomyisdeeplyrootedinagriculture,lightmanufacturing,andretail, withanincreasingfocusoneconomicdevelopmentandinfrastructure investment.ThecitybenefitsfromitsproximitytoEugene’sexpandingmetroarea, makingitanattractivedestinationforbusinessesandresidentsalike.Aspartof LaneCounty’sbroadereconomicinitiatives,Creswellispoisedforcontinued growth,offeringapromisingenvironmentforlanddevelopment.

LaneCounty,Oregon,hasexperiencednotableeconomicdevelopmentsinrecent years.In2022,thecountyreportedatotalof10,143employerestablishments, employing127,436individuals,withanannualpayrolltotalingapproximately$6.55 billion.Thecounty’seconomyhasdiversifiedovertime,transitioningfrom traditionaltimberandagricultureindustriestoamoreservice-orientedfocus.This shifthasbeenbolsteredbythepresenceofinstitutionsliketheUniversityof Oregon,whichattracttalentandcontributetoeconomicresilience.

Thecommunityiswellknownforitswelcomingatmosphereandstrongcultural heritage.Residentsenjoyabalancedlifestyle,withavarietyoflocalshops,golf courses,andoutdoorrecreationalopportunities.Thisuniqueblendofruralcharm andmodernconveniencesmakesCreswellanideallocationforthoseseeking bothtranquilityandaccessibility.CreswellsitsatthegatewaytotheWillamette Valleywineregion,hometorenownedvineyardsandwineries.Forurban conveniences,Eugeneisjustashortdriveaway,offeringaccesstotheUniversity ofOregon,majorhealthcarefacilities,shoppingcenters,andentertainment venues.

Withitsstrategiclocation,growingeconomy,andinvitingcommunity,Creswell providesanexcellentopportunityforinvestmentanddevelopment.Whetherfor residential,agricultural,orcommercialuse,thisareaholdsstrongpotentialfor thoselookingtocapitalizeonOregon’sdynamicrealestatemarket.

Themultifamilymarketstabilizedinmid-2024andcould tightenfurtherasnewconstructiontapers.Demand formationamountsto740unitsoverthepast12months.This trailsthe10-yearpeakof1,100units,buthasmovedpastthe previousfive-yearaverageof500units.

Thereare381unitsinthepipeline,whichwillexpandmarket inventoryby1.6%.Overthepastdecade,heavyboutsof activityformedduring2019and2020,aswellas2022tomid2024,whichmarkedthebusieststretchfordeliveriesin markethistory.However,startshaveslowed,asdebtand equityfinancingsourcesforconstructionpullbackandlabor marketsremaintight.Sincepeakinginearly2023,thepipeline hasshrunkbymorethan75%.

Asaresult,furtherdownwardpressureisexpectedonthe marketvacancyrate,whichhasalreadycompressedfroma peakof6.4%attheendof2023tothecurrentmarkof5.3%. Overthepastdecade,thevacancyrateinEugenehas averaged4.2%,helddownbyaperiodofminimal constructionandstrongpopulationgrowthfrom2015to2018.

Marketaskingrentgrowthoverthepast12monthstrendsto 2.1%,butgainsareexpectedtoaccelerateinthebackhalfof 2025,ascompetingcommunitiescomeonlineinmuch smallerdosesandthesupplyoverhangbeginstodissipate. Bymid-2026,theforecastcallsforgrowthofaround4%.