Multi-lot Development opportunity! City Supported Partition Plan allowing up to 3 lots or 4 total residences if not partitioned. Rare opportunity in a prime Springfield location. Walking distance to Autzen Stadium. The City has approved a plan in the Development Initiation Meeting/video 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. Bring your Contractor and understand the entitlement already done. Virtual tour video 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. (See attached Springfield Developer Packet.)The existing home is livable and currently occupied. A great candidate for a cosmetic facelift or full remodel. A new roof has already been completed. New Heavy Duty Everlife Andover Series floor covering. The large shop building provides additional opportunities and can be upgraded into an accessory dwelling. ( City is presently waiving many of the associated fees) A site diagram shows Rainbow Drive abutting the north side of the property and illustrates the three approved lots. The seller planned 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 Willamette River and Springfield High, this property sits in a highly desirable, walkable corridor along the river. Street improvements (paving) scheduled soon. (See attached document.) Buyer must perform Due Diligence with City.of Springfield.