HWY 20/395 Hines Blve, Burns, OR 97720

Prime Commercial/Residential Lots With Billboard Income

This is fantastic PRIME COMMERCIAL property with income producing billboard. There are also two additional lots that are zoned residential. Great view sites, good access and city utilities available near the property. The 2 residential lots are just high enough to give you a very nice view of the city as well as a great view of the Steens Mountains on a clear day! Good building lots are hard to find. There are a total of three lots available as follows: LOT #1- PRICE $45,000 1.02 Acre Lot zoned commercial which has highway frontage in Burns Oregon, this lot also includes a billboard which has great income. (NOTE: This lot will not be sold separately from the other two residential lots, it will only be sold with all three together). Property Taxes: $237 Per Year. Income on the Billboard is as follows $2,000 a year this fall and 3 more years. Then it goes up to $2,200 a year for the next 5 years. Then it goes up again to $2,420 a year for the next 5 years after that. Then it goes up again to $2,662 a year for the next 5 years. LOT#2- PRICE $30,000 Property size is 0.72 Acre Lot, zoned residential, this lot sits above and to the side of the first lot in the city of Burns and would be a nice building lot with good views. Property Taxes: $215 Per Year. LOT#3- PRICE $20,000 Property size is 0.31 Acre Lot, zoned residential, this lot would be a nice building lot in the city of Burns and would also have good views and access as well. Property Taxes: $193 Per Year. The owners will sell either of the residential lots by themselves or together, however if a person wants to purchase the commercial lot they would have to buy all three lots. The location of this property is excellent as you can see it well coming from both directions on Highway 20. The other residential lots sit up on the hillside just enough to give you a pretty good view of the area.