A Unique Land Investment Opportunity

Location: Property is located approximately 6 miles southeast of Salem, Oregon, near the rural community of Marion, Oregon, in Township 9 South, Range 2 West, Section 34, tax lot 1100. Although there is no site address the property can be found at the end of Rosebud Lane SE. Turner, OR.

Land: Property consists of 122.48 tax roll acres that lies along the northern channel of the North Santiam River. There are approximately 60 acres of tillable irrigated land, 58 acres of wooded/brush area that is located within the flood plain of the river and the balance of the acreage in the building site area. According to the National Resource Conservation Service’s online soil maps, the soil types for the tillable land are predominately Capability Class II McBee silty clay loam and Salem gravelly silt loam, Capability Class III Sifton Gravelly Loam and Capability Class IV Courtney Gravelly Silty Clay Loam.

Soil types for the non-tillable land are Capability Class II Newberg fine sandy loam and Newberg silt loam, and Capability Class III Wapato silty clay loam . The balance is Class VIII Alluvial land along the river Channel and water.

Zoning: Exclusive Farm Use (EFU)

Improvements: There is an extensive list of agricultural buildings on this property that includes a 36’x 52’ seed cleaning building, with 30’ eves (The equipment and peripherals are not included); an 8060 square foot seed storage/shop building, with 14’ eves and concrete dividers; a 1048 square foot storage building; and a 50’ x 40’ older equipment storage building. There are numerous other old buildings located on the property that will take either extensive repairs or complete removal.

Irrigation: A review of the Oregon Water Resource Department records disclosed that this property has 60 acres of irrigation right from the waters of the North Santiam River, under Certificate No. 29566, with a priority date of March 19, 1958.

DOMESTIC WELL: There is a domestic well located on this property that served the old home and a neighboring property under a shared well agreement. While it continues to be used by the neighboring residence no research was done to find the depth or capacity of this well.

Remarks: This is an unusual opportunity to own an indivisible 50% interest in a producing farm with a very knowledgeable partner. The property is currently leased to a large farming operation located in the community, and the prospect for continued lease income looks good. All buyers are urged to seek competent legal advice regarding the potential risks of this type of investment.

This listing has been viewed 2687 times.