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
School Info
Assigned Schools Information:
North Bend High School, Public District Grades 9-12
North Bend Middle School, Public District Grades 6-8
Hillcrest Elementary School, Public District Grades KG-5
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.
Elementary School
8
/10
Hillcrest Elementary School
1100 Maine St
Distance between this listing and this school1.08 miles
Public District Grades KG-5
Middle School
3
/10
North Bend Middle School
1500 16th St
Distance between this listing and this school0.71 miles
Public District Grades 6-8
High School
5
/10
North Bend High School
2323 Pacific St
Distance between this listing and this school0.89 miles
Public District Grades 9-12
Assigned Schools
8
/10
Hillcrest Elementary School
1100 Maine St
Distance between this listing and this school1.08 miles
Public District Grades KG-5
Nearby Schools
7
/10
Millicoma Intermediate School
260 2nd Ave
Distance between this listing and this school2.79 miles
Public District Grades 4-7
5
/10
North Bay Elementary School
93670 Viking Ln
Distance between this listing and this school7.84 miles
Public District Grades KG-5
Assigned Schools
3
/10
North Bend Middle School
1500 16th St
Distance between this listing and this school0.71 miles
Public District Grades 6-8
Nearby Schools
3
/10
Sunset School
245 S Cammann St
Distance between this listing and this school1.59 miles
Public District Grades 4-7
5
/10
Coquille Valley Elementary
1115 N Baxter St
Distance between this listing and this school14.48 miles
Public District Grades 1-6
Assigned Schools
5
/10
North Bend High School
2323 Pacific St
Distance between this listing and this school0.89 miles
Public District Grades 9-12
Nearby Schools
6
/10
Oregon Virtual Academy
400 Virginia Ave
Distance between this listing and this school1.55 miles
Public Charter Grades KG-12
1
/10
Destinations Academy
755 S 7th St
Distance between this listing and this school2.32 miles
The neighbors living near this home have an average income of $33,780. The majority of North Bend, OR residents have income less than $35k annually. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
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.
What are the assigned schools for this property?
The assigned schools for 0 Newmark are: Hillcrest Elementary School: GreatSchools Rating 8/10North Bend Middle School: GreatSchools Rating 3/10North Bend High School: GreatSchools Rating 5/10
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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.
North Bend, OR housing market in October 2024 saw over 3 listings sold above listed price, more than 4 sold at listed price and over 4 sold below. The number of listings in North Bend, OR decreased by 7.6% between September 2024 and October 2024. Listings spent 57 days on the market in October 2024, and had a median list price of $346,750 during the same period.
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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