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120
Siuslaw River Mixed-Use Development Site
Florence, Oregon
PUBLISHED RESERVE: $720,000
LAST ASKING: $1,440,000
SIZE: 13.39± Acres
ZONING: Old Town District Area (Tax Lot 901) and NE-RCP - Natural Estuary Zone (Tax Lot 900)
PROPERTY INSPECTION: At Any Time
FINANCING: Subject to Seller’s approval of Purchaser’s credit: A 50%down payment with the balance
secured by a first deed of trust, 6% interest, calling for monthly payments of interest only; all due and
payable at the end of 2 years.
DESCRIPTION: This mixed-use development site, with 6.33± acres of useable land overlooking the
Siuslaw River, is one of the largest tracts zoned for multi-family and commercial use in the coastal
resort community of Florence. The property has a strategic location near Three Rivers Casino Resort,
Florence Event Center, and Historic Old Town Florence. There is excellent access east to Highway 126
which connects Florence to Eugene, a one hour and twenty minute drive, and to coastal Highway 101.
The irregular-shape site has over 830±feet of frontage along Quince Street, and adjoins Auction Property
#122, which has a leased commercial building and a corner location to the north at Highway 126 and
Quince Street. Auction Property #122 could be acquired to provideAuction Property #120 with increased
exposure to Highway 126 traffic.
Old Town District Area C zoning allows multi-family, lodging, motels and hotels, assisted living,
restaurant, offices, retail, religious institution and other comparable uses. Please see Supplemental
Information Package for zoning detail.
The Seller had several concept plans prepared by Myhre Group Architects which outlined up to 150
assisted living units within a three-story building, and 150 to 200 studio-to-three bedroom apartments.
Please see Supplemental Information Package for these exhibits.
Highway 101
Historic Old Town
Auction Properties #120-122
Highway 126
To Eugene
Florence
Event Center
Three Rivers Casino
N