Corvallis Land Portfolio

The South Corvallis Assemblage represents a rare opportunity to acquire a 7.12-acre, five-parcel land portfolio positioned along the SE 3rd Street / Highway 99W corridor one of the city’s primary growth and infrastructure corridors. The site can be acquired as a single assemblage or on an individual parcel basis, offering flexibility for a range of investment strategies and capital profiles.

Currently zoned RS-12, the property allows for immediate development of a variety of residential product types including single-family, townhomes, and multifamily at densities up to 12 units per acre, enabling a near-term path to development without discretionary land use approvals. Beyond its in-place entitlements, the assemblage is strategically positioned within the South Corvallis Area Plan, where ongoing planning efforts are targeting increased housing density along this corridor. A potential upzone to RS-20 would increase allowable density to 20 units per acre and support up to approximately 142 units, representing a meaningful increase in development yield and long-term value creation.