Dallas, Oregon Development Land

*Rare, large-scale development assemblage in the City of Dallas’ planned La Creole Mixed-Use Node. This offering consists of eight (8) tax lots totaling approximately 20.83 acres in Polk County, strategically positioned within the City’s designated growth and commercial expansion area. The La Creole Node has been planned to accommodate future commercial development at scale, supported by public infrastructure investment and a new development framework intended to guide annexation and rezoning as projects move forward. A Planned Commercial District with a Clear Growth Story The subject site lies within the La Creole Mixed-Use Node, a City-identified area intended to concentrate new commercial activity along key corridors near E Ellendale Avenue and Hawthorne Avenue. Under the City’s planning direction, the node is expected to transition to commercial zoning (General Commercial) upon new development, creating a compelling entitlement trajectory for groups seeking a first-mover position in Dallas’ next major commercial district. Scale and Flexibility for Multiple End-User Outcomes With nearly 21 acres of assembled land, the site offers a size profile that is increasingly difficult to replicate in the region—ideal for a range of developer strategies such as: - Neighborhood commercial center with anchor + shop space and pad sites (Grocery heavily favored by population) - Service retail / medical / office campus - Phased development allowing multiple builders, tenants, or end users - Mixed-use concepts (commercial-forward) where permitted through the City’s development process - Multifamily Housing Multifamily housing can be a critical component and could be allowed in this new zoning with a conditional use permit Development Reality: ROW and Planned Street Improvements The City’s node plan anticipates future right-of-way dedications and public improvements (complete-street elements, multi-modal connectivity, and related infrastructure). As a result, the ultimate net developable area is expected to be reduced by ROW, creating an important value driver for sophisticated developers: the ability to underwrite and design around planned dedications while securing a prominent position within a City-backed growth area. This is a high-upside opportunity to control a meaningful footprint inside an emerging commercial node with a planned rezoning pathway—well suited for developers and investors who want to: - Secure scale in a supply-constrained market - Pursue commercial entitlement and annexation-driven upside - Execute phased development to match tenant demand and infrastructure timing - Build a destination project aligned with the City’s long-range vision for north Dallas Offered as an assemblage of eight parcels (APNs: 161493, 161758, 161505, 161518, 161521, 130491, 130446, 299637). Buyer to verify all development potential, zoning pathway, utility availability, ROW impacts, and permitting requirements.