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• 2 acres downtown Klamath Falls
• 1 block from city geothermal loop
• Renewable energy tax credits avail.
• Priced at $7.25 per foot land value only
• 13,737 square feet of interior space
• 13 bay doors for large trucks, trailers or RVs.
• Enterprise zone economic development incentives
• Majority of site paved for parking
• $745,000

Look at any city that has had an underdeveloped waterfront. Look into the property values before and after the waterfront improvements. Every city with significant investment in core urban development around water features saw within five years a significant increase in neighboring property values.

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Several blocks from this site is the Timbermill Shores  development (I can also sell you any land remaining there), on the shore of Lake Euwanna, the former home of the Modoc Lumber Company. The prime sites have already sold (for over $8.50 per foot). One thing you should know is that construction there will typically require pilings.

With this site there are fewer problems and costs associated with construction. And there is the added benefit of geothermal heat access, which costs significantly less than electric or natural gas heating. Commercial properties have boomed recently and this is the largest downtown site you may ever see offered for sale downtown. A savvy investor will buy this and either hold on to split in the future, or develop a multistory mixed-use commercial complex for income. It would also make an excellent location for a large professional service enterprise.

The next wave and buying frenzy in this area will likely occur in Q3 of 2006 when construction begins on a 68 room hotel on the Klamath Falls waterfront at Timbermill Shores. As adjacent opportunities for investment become evident, demand will peak. Get in before that happens. Buy this now!

Want to know more about this market? Contact Jeff Ritter at 541-892-0673