1897 Cochrane Ln
Dallas, OR 97338

Strategic Land Opportunity - County-Approved Framework in Place
±15 Acres (653,400 SF) | $1,444,000 ($2.21/SF)

Located just minutes from downtown Dallas and approximately 20–25 minutes from Salem, this ±15-acre rural residential offering presents a compelling opportunity for a developer seeking near-term upside in a supply-constrained acreage market.

The property is being offered with a draft lot line adjustment and parcel configuration approved by Polk County, providing a clear roadmap for subdivision into highly marketable 2–3 acre homesites. While final survey work and full implementation of the lot line adjustments remain to be completed by the buyer, the most time-consuming entitlement steps have already been initiated and substantially advanced.

This creates a unique positioning in the marketplace:
• Not raw, speculative land
• Not fully entitled and priced at retail
• But strategically positioned in between

The proposed configuration capitalizes on Rickreall Creek frontage, territorial views, and desirable acreage sizes consistent with recent buyer demand in the Dallas market. With two existing wells serving current residences, the next phase of development will include additional well drilling and final survey implementation—costs that are reflected in pricing and provide margin opportunity for a capable developer.

In short, this is a value-add rural land play: the planning framework is in place, the layout is market-aligned, and the remaining work is executable. For a developer willing to complete the final survey and entitlement steps, the opportunity exists to capture the spread between bulk acquisition and retail parcel value.