Located in an OPPORTUNITY ZONE, this 8-acre parcel in North Bend City Limits offers prime potential for multi-residential development. Positioned on the 2nd highest trafficked road off Highway 101, it's centrally located between Coos Bay and North Bend. Currently zoned as R-7, the seller is open to a long escrow to accommodate a rezoning contingency. Zoning information and planning documents are available upon request.Photos and a fly-through video provide a detailed look inside the lot lines. The listing includes approximate lot line boundaries via aerial photos, marked corner survey points, and multiple survey documents from Stuntzner Engineering. Merchantable timber on the property was valued at $42,000 by Messerle and Sons, adding another layer of potential revenue.Investing in an Opportunity Zone can offer tax incentives, capital gains deferral until December 31, 2026, capital gains reduction for holding periods of at least five or seven years, and tax-free gains for investments held for at least 10 years. This investment can also contribute to improving the local economy and community, in need of more housing.Contact North Bend City Planning Department for more details on the Opportunity Zone benefits consult with a tax/financial advisor on the Opportunity Zone advantages.
Property Details
Property Features
Listing Office:
Office Name: National Real Estate
Office Phone: (541) 252-0964
Listing Agent: Samantha Oswald
Exterior Features
Exterior Information:
View: City, Territorial, Trees/Woods
Parking Information:
Attached Garage: No
Virtual/3D Tour
Virtual Tour: 0 Newmark
Virtual Tour
Lot Features
Lot Information:
Lot: Stream, Wooded
Lot Size: 8.09 Acres
Other
Directions Information:
Directions: Highway 101 to Newmark, right-hand side before Kenware Chevrolet dealership
Price Information
Listing Price Info
Price Summary:
List Price: $700,000
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Housing Market Comparison
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Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Hillcrest Elementary School
1100 Maine St
Distance between this listing and this school1.10 miles
Public District Grades KG-5
5
/10
North Bay Elementary School
93670 Viking Ln Ste 1
Distance between this listing and this school7.84 miles
Public District Grades KG-5
5
/10
Coquille Valley Elementary
1115 N Baxter St
Distance between this listing and this school14.47 miles
Public District Grades 1-6
Nearby Schools
3
/10
North Bend Middle School
1500 16th St
Distance between this listing and this school0.75 miles
Public District Grades 6-8
3
/10
Sunset School
245 S Cammann St
Distance between this listing and this school1.55 miles
Public District Grades 4-7
7
/10
Millicoma Intermediate School
260 2nd Ave
Distance between this listing and this school2.83 miles
Public District Grades 4-7
Nearby Schools
5
/10
North Bend High School
2323 Pacific Ave
Distance between this listing and this school0.86 miles
Public District Grades 9-12
1
/10
Resource Link Charter School
1255 Hemlock Ave
Distance between this listing and this school1.28 miles
Public Charter Grades KG-12
1
/10
Destinations Academy
1255 Hemlock Ave
Distance between this listing and this school1.28 miles
The neighbors living near this home have an average income of $33,780. Residents of North Bend, OR typically earn less than $35k each year. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 0 Newmark
What is the listing price of this property?
The listing price of 0 Newmark property is $700,000.
What type of property is this?
The property 0 Newmark is land located in North Bend, Oregon, 97459.
Is this property for sale now?
Active Listing: 0 Newmark is For Sale (Active/New) which means the seller is accepting offers.
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This home is located at 0 Newmark in North Bend, OR and zip code 97459. This home sits on a 8.09 acre lot. It has been listed on Rocket Homes since October 04, 2023 and is currently priced at $700,000.
In November 2024, from all listings sold in North Bend, OR there were more than 1 sold above asking price, over 8 sold below and more than 3 were sold right at the asked price. In November 2024 in North Bend, OR there were 10.6% less homes for sale than in October 2024. While the average time on the market in November 2024 was 67 days, the median list price was $350,000.
From Rocket Homes Real Estate and based on county public records data.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon. 
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