3.61 acres of flat greenfield industrial land annexed into the City of Lebanon and positioned within one of the Mid Willamette Valley's fastest growing industrial corridors. Located apx 8 miles from I5 with convenient access via US Hwy 20 and OR Hwy 34, the property offers efficient transportation connections to PDX, Salem, Eugene, the Oregon Coast, and eastern Oregon. The region also benefits from rail service, supporting a wide range of manufacturing, warehousing, and distribution operations. Zoned Industrial (Z-IND), the property offers exceptional opportunity for industrial users, developers, and investors. Permitted uses include manufacturing, assembly, warehousing, distribution, contractor facilities, research and development, laboratories, wholesale operations, equipment sales and repair, freight terminals, vehicle and equipment storage, woodworking, printing, breweries, machinery production, educational facilities related to industrial uses, and numerous other industrial applications. Hansard Avenue and Reeves Parkway have been fully improved to support larger-scale industrial development within the NW Urban Renewal District. The property is served by substantial utility infrastructure, including a 12-inch water main, 18-inch sanitary sewer, and 12-inch storm system located in the street or stubbed to the parcel, providing a strong foundation for future development. Neighboring developments include Lowe's Regional Distribution Center, Entek International, Laticrete International, Linn Gear, and Lebanon Storage, reinforcing the area's reputation as a destination for manufacturing, logistics, and industrial investment. With relatively affordable industrial land compared to many Oregon markets, modern infrastructure already in place, and a strategic location serving the Willamette Valley, this property presents an outstanding opportunity for owner users, developers, or long term investors seeking to capitalize on Lebanon's continued industrial growth. 2026-07-13
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Zillow last checked:
Listed by:
Mark Shadrin,
Berkshire Hathaway HomeServices Real Estate Professionals
Source: Berkshire Hathaway HomeServices Real Estate Professionals,MLS#: 842880
Facts & features
Interior
Features
Has basement: No
Property
Lot
Size: 3.61 Acres
Community & HOA
Location
Region: Lebanon
Financial & listing details
Date on market: 7/6/2026
Lease term: Contact For Details
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
7/6/2026
Listed for sale
$699,000
Source: Berkshire Hathaway HomeServices Real Estate Professionals #842880Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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