Zoned Mixed-Use (MU), the property allows for a variety of commercial, residential, and mixed-use developments. With Phase 1 development underway—featuring the Marriott Fairfield Inn, office spaces, and residential projects—this is a prime investment opportunity in a growing urban waterfront district. Additionally, developers can benefit from Urban Renewal District (URD) incentives, offering up to $1 million in infrastructure improvement funds. This highly desirable development site is located just 15 minutes from the Klamath Falls Airport and near major economic drivers such as the Kingsley Field F-35 Mission, which secures long-term job growth and stability. The property’s affordable land pricing, tax-friendly environment, and access to renewable energy sources like geothermal and solar make it an attractive investment for developers.