Residential home on 10.05 Acres of prime development land inside the UGB and part of the West Redmond Area Plan known as WRAP. This property is connected to the city on it's southeast corner which neighbors the new Obsidian Master Plan Development (currently under construction) making it a great candidate for inclusion into the city. Several neighboring landowners with a total of 56.17 acres are committed to creating a consortium to work together to prepare the land to be annexed into the city (See Letter to the City attached). The property is currently zoned UH10 (Urban Holding 10) but according to WRAP will be MUE (Multiple Use Employment) which is shown in the attached Framework Plan. The property has 8.07 acres of irrigation. There is a very nice home on the property that can be rented for around $2,500 a month to pay for holding cost between now and future development. Please see the virtual tour for a full video of the inside and outside of the property (includes drone flyover).
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Listing Courtesy ofCompass Commercial Real Estate Services