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1940 NE 10th St - NorthRidge Estates 10 Acres of Residential Land Offered at $930,150 CAD in Hermiston, OR 97838
Investment Highlights
- Across the Street from new Loma Vista Elementaty
- Convenient location to Parks, Recreation and Shopping.
- Large lots sizes
Executive Summary
The property is located near Loma Vista Elementary School, Hermiston’s newest elementary school, and within an expanding residential district that includes Upland Meadows, Cimarron Terrace, Vista Manufactured Home Community and other established housing along the E Theater Lane and NE 10th Street corridor.
A proposed development layout provides for 33 residential homesites. Proposed lots begin at approximately 8,000 square feet and average approximately 10,012 square feet, with several larger homesites and one proposed lot containing approximately 26,125 square feet. The proposed lot sizes allow a builder to offer multiple home plans and price points while maintaining practical yards, outdoor living areas and room for larger garages.
Builder and Developer Opportunity
The proposed layout is well suited to a regional homebuilder, subdivision developer or builder-developer seeking a project with a clear family-oriented identity.
Potential advantages include:
Proximity to a recently constructed elementary school.
Location within an active residential growth corridor.
Larger-than-typical proposed homesites.
Ability to offer multiple home plans and price points.
Nearby new-home construction validating the location.
Improved access along E Theater Lane.
Proximity to Sandstone Middle School and Theater Sports Park.
Convenient access to Hermiston shopping, employment and services.
Opportunity to establish a recognizable new neighborhood.
Potential for individual lot sales, builder takedowns or a complete community buildout.
The approximately 10,000-square-foot average proposed lot size may allow the eventual builder to differentiate the neighborhood from smaller-lot subdivisions. Depending on final engineering and City requirements, the larger homesites may accommodate upgraded floor plans, three-car garages, expanded patios, outdoor living areas and additional yard space.
Property Facts
| Price | $930,150 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Build to Suit | Proposed Use | Single Family Development |
| No. Lots | 1 | Total Lot Size | 10.00 AC |
| Zoning | R-1 Residential - Key Development Standards Minimum Lot Size: 8,000 sq. ft. for single-family dwellings.Maximum Lot Coverage: 40% for primary and accessory residential | ||
| Price | $930,150 CAD |
| Sale Type | Investment |
| Sale Condition | Build to Suit |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Development |
| Total Lot Size | 10.00 AC |
| Zoning | R-1 Residential - Key Development Standards Minimum Lot Size: 8,000 sq. ft. for single-family dwellings.Maximum Lot Coverage: 40% for primary and accessory residential |
1 Lot Available
Lot
| Price | $930,150 CAD | Lot Size | 10.00 AC |
| Price Per AC | $93,015.00 CAD |
| Price | $930,150 CAD |
| Price Per AC | $93,015.00 CAD |
| Lot Size | 10.00 AC |
Growth is already occurring.The proposed 33-lot development. NorhtRidge Estates is position within this emerging neighborhood system. It would extend residential development east of 10th and Theater Lane.
Description
33 Homesites Beside Hermiston’s Newest Elementary School. Successful residential development begins with more than available land. It requires a location where public investment, neighborhood growth, family demand and sound land planning come together. Located along E Theater Lane, directly east of Victory Lighthouse Church and near Loma Vista Elementary School, this approximately 10-acre property is positioned in one of Hermiston’s most logical residential growth corridors. The preliminary plan provides 33 residential homesites in an R-1 neighborhood, with a minimum lot size of 8,000 square feet and an average residential lot size of approximately 10,012 square feet. This is not simply an isolated parcel on the edge of town. It is part of a larger transition already underway in northeast Hermiston.
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1940 NE 10th St - NorthRidge Estates
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