For Sale

Franklin Reserve Land

840 Airport Rd SE, Albany, OR 97322

Located in the Willamette Valley with steady regional expansion.This offering includes two prime parcels—3.22 acres and 3.24 acres—zoned RS-5 and located in Albany, OR, just south of Swan Lakes and under half a mile from Heritage Mall. With proximity to major transit corridors, established infrastructure, and a strong local community, the property is well-positioned for immediate development. A fully approved Planned Development covers the combined 6.5 acres and includes entitlements for: • A 44-unit multifamily project across four buildings • 11 single family homes • 31 garage/storage units (10'x20') The project is shovel-ready: civil engineering and architectural plans are complete and stamped, landscape and erosion control plans are approved, permits are purchased, tree removal and wetland delineations are done, and all site improvements are ready to begin.

Key features

  • ± 3.22 AC and ± 3.24 AC parcels
  • Close to I-5, Heritage Mall, and Swan Lakes
  • Near major roads and transportation routes
  • Reports completed and permits prepaid
  • Strong local housing demand driven by population growth
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Contacts

David Chatfield

Norris & Stevens

Building Details

  • For Sale $2,250,000
  • Property Type VacantLand
  • Lot Size 6.46 Acre
  • Date Updated Feb 3, 2026

Getting Around

  • Walk Score ®

    Car-Dependent (47)

  • Bike Score ®

    Bikeable (53)
Powered by Walk Score ®

Location

  • City Albany, OR
  • Zip Code 97322
  • Market Eugene

Points of Interest

Costco Gasoline

0.44 miles

Chevron

0.55 miles

Electrify America

0.83 miles

Safeway Fuel Station

0.92 miles

Pacific Pride

1.18 miles

Mobil

2.26 miles

Arco

2.29 miles

Love's

4.56 miles

Leather's Fuel

5.40 miles

Truck and RV Parking

7.31 miles

Rest Area I-5 (South Bound)

7.52 miles

Arboretum Parking Lot

8.45 miles

Wintel Road East Parking

9.39 miles

Wintel Road Middle Parking

9.55 miles

Samaritan Hospital Parking

9.59 miles

Wintel Trailhead Parking

9.61 miles

Four Seasons

2.44 miles

Abby's

0.27 miles

Denny's

0.37 miles

Elmer's

0.44 miles

Taco Time

0.45 miles

Burger King

0.45 miles

Carl's Jr.

0.48 miles

Panera Bread

0.49 miles

Golden Town Buffet

0.50 miles

DQ Grill & Chill

0.51 miles

WinCo Foods

0.42 miles

Fred Meyer

0.64 miles

Bi-Mart

0.72 miles

Target

0.76 miles

Walmart Supercenter

0.77 miles

Big Lots

0.84 miles

Marshalls

0.86 miles

Ross

0.87 miles

Safeway

0.91 miles

Rite Aid

0.48 miles

Fred Meyer Pharmacy

0.59 miles

Station 13

0.75 miles

Walgreens

1.02 miles

Samaritan Family Medicine - Geary Street

1.17 miles

Linn County Sheriff's Office

1.69 miles

Albany Police Department

1.70 miles

Station 11

1.98 miles

Station 12

2.45 miles

840 Airport Rd SE Listing Summary

  • What is the asking price at Franklin Reserve Land?

    Franklin Reserve Land is currently listed for sale at Contact for pricing.

Contact Listing Broker
David Chatfield

Norris & Stevens

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