W. Punkin Center Rd, Hermiston, OR 97838

Property Description

The Hermiston Development property is 38.4 +/- contiguous acres of vacant land, zoned R-1, located within the city limits of Hermiston, OR. Residing at the end of West Punkin Center Road, the location is perfect with quick access to the heart of town as well as an easy exit if your travels take you elsewhere. The property is situated on a mild sloping hill, allowing for excellent top to bottom southward views of the City of Hermiston, the northeastern Oregon’s rolling foothills, as well as the more distant Blue Mountains.Hermiston Growth and Economy:Hermiston, Oregon, has experienced significant economic growth in recent years, positioning itself as a dynamic hub in Eastern Oregon. In 2024, the city set a new benchmark with commercial, industrial, and residential construction permits totaling $266 million, marking a record for development and investment. This surge in construction activity aligns with Hermiston's robust population growth; projections indicate a 33% increase from 2016 to 2035, with 80% of Umatilla County's growth occurring in the Greater Hermiston Area. This expansion is further supported by the area's strategic location near major freeways and proximity to the Tri-Cities in Washington, enhancing its appeal for logistics and data center operations. As Hermiston continues to grow, it attracts significant investments, diversifies its economy, and solidifies its status as a key economic center in the region.Property Quick Facts:-38.4 +/- acres zoned R-1 (minimum lot size 8,000sqft) within the city limits of Hermiston, OR.- Property sits inside an IRS Opportunity Zone, providing additional tax breaks for every dollar spent on development or improvements. - Adjacent to the future site of the West Punkin Center Extension Project which will extend the existing road, bridge the Umatilla River, and provide new direct access to I-82.