804 W N ST

Rare opportunity in a prime Springfield location! The City has approved a plan in the Development Initiation Meeting to partition the property into three lots, offering excellent flexibility for future build-out. Even better, the property also qualifies for up to four total residences without requiring a partition, giving buyers multiple development paths.A virtual tour video is available and includes the full planning meeting and transcript. It’s an eye-opening look at how supportive and solution-oriented the City of Springfield has been in helping this project move forward.The existing home is livable and currently occupied, making it a great candidate for a cosmetic facelift or full remodel. A new roof has already been completed. The large shop building provides additional opportunities and can be upgraded into a small home or accessory dwelling.A site diagram shows Rainbow Drive bordering the north side of the property and illustrates the three approved lots. The seller originally intended to complete the development but has since shifted plans, creating a rare chance for the next owner to step in with a significant head start.Located within walking distance of Autzen Stadium and Springfield High, this property sits in a highly desirable, walkable corridor with strong long-term value and excellent investment potential. New Heavy Duty Everlife Andover Series floor covering!