Listing provided courtesy of Pete Anderson Realty, Inc-Manzanita- MLS# TC-21793MLS ProviderSource MLS Verified

Franklin StreetGaribaldi, OR 97118

Vacant Land · 27.00 Acres
$699,000 Active

Franklin Street Overview

Time on Site:
703 days
Visits:
22

This stunning 27-acre property presents a rare and exciting opportunity for developers and investors. With panoramic views of the bay, ocean, and surrounding mountains, the possibilities are endless. Approximately 11 acres lie within the city limits of Garibaldi, while the remaining 16 acres fall within the urban growth boundary—offering strong potential for future expansion. Zoned for residential development with a minimum lot size of 8,000 sq ft, the site could potentially accommodate a 40-lot subdivision (buyer to do due diligence). City utilities are available, further enhancing the development potential. Whether you're looking to create a coastal residential community or invest in one of the last large-view parcels in the area, this property is a must-see!

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

Franklin Street Facts & Features

  • Type Vacant Land
  • Lot 27.00 Acres

Details

General

Business Information

  • Current Use: Residential

Location/Region

  • County Or Parish: Tillamook

Rent/Lease Information

  • Land Lease: false
  • Lease Considered: false

Tax Information

  • Tax Annual Amount: 120.77
  • Tax Year: 2023

General Information

  • Listing Terms: Cash,Conventional
  • Property Sub Type: Residential
  • Property Type: Land

Interior

Beds/Baths

  • Bathrooms Total: 0

Exterior

Lot Information

  • Irrigation Source: Municipal Water
  • Lot Features: Sloped
  • Lot Size Acres: 27.0
  • Lot Size Area: 27.0
  • Lot Size Square Feet: 1176120.0
  • Lot Size Units: Acres
  • Road Surface Type: Gravel
  • Water Source: Public

Waterfront/View

  • View: Ocean
  • Waterfront: false

General Information

  • Utilities: Electricity Available,Sewer Available

Franklin Street Neighborhood

Community

97118 (Garibaldi) Demographics

60
Median Age
478
Population Density (per sq. mile)
25%
College Educated
$48,750
Estimated Median Income
195
Estimated Total Home Owners
130
Estimated Total Renters
60% / 40%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

Franklin Street Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Franklin Street Market Data

Based on the last 30 days in this zip code

$367,856
Average List Price
$258
Average Price per Square Foot
0
Properties Sold
106
Average Days on Market
29
Properties for Sale
Calculations provided by Reliance Network

Franklin Street History

Date Event Value Agent
5/27/2026Source: Tillamook MLS Price Reduction
$699,000 -6.8%
5/23/2026Source: Regional MLS Price Reduction
$699,000 -6.8%
1/5/2026Source: Tillamook MLS Price Reduction
$750,000 -6.2%
1/5/2026Source: Tillamook MLS Added to Database
July 26, 2024
7/26/2025Source: Regional MLS Price Reduction
$750,000 -6.2%
7/26/2024Source: Regional MLS Added to Database
July 26, 2024