SOURCE: Albert Burney Auction Company

Albert Burney Auction Company

August 24, 2009 15:52 ET

Molalla River Waterfront Land in Oregon to Sell at Auction

CANBY, OR--(Marketwire - August 24, 2009) - For the first time in seven decades, the land along the Molalla River known as Hein Ranch will soon have a new owner. Larry Hein, who has owned and worked the land since 1965, is preparing to sell it at auction as he prepares to retire.

The property -- approximately 350 acres in Clackamas County, including almost two miles of waterfront on the Molalla River -- will be sold at absolute auction on Saturday, Sept. 26, with Albert Burney Auction managing the sale.

"Dad originally bought most of this land in the late 1930s, because he had a turkey hatchery in Milwaukee and needed a place to raise turkeys," said Larry Hein, who has used the land for crops, horses and cattle since the 1960s.

Today, it includes six homes and equestrian facilities with 20 stalls. Approximately 120 acres is leased out to growers of berries and flowers, according to Warren Ward, president of Albert Burney.

"With its gorgeous riverfront, the land has long-term potential for development into a resort or subdivision with the right approvals. The six homes can be moved and expanded, providing some immediate improvement potential. The soil is an excellent black sandy loam suitable for virtually any type of agriculture," said Ward. "The leases expire at the end of December, so the new owners will have the latitude to decide whether to continue leasing some of it for income or moving in a different direction," Ward said.

Hein said only one of his six children is interested in agriculture, so the sale will make it easier to divide the estate between them.

The auction will begin at 11 a.m. at the property, at 12037 Macksburg Road, Canby. Individuals interested in additional information about the property may contact Albert Burney at 800-434-1654 or visit the company's web site at www.albertburney.com.

Albert Burney Auction Company, headquartered in Gadsden, Ala., is one of the nation's leading auction companies specializing in land, home sites, homes and other high-end real estate.

Contact Information

  • For more information:
    Carl Carter
    205 823-3273