COVERED LAND PLAY -- 4.47 ACRES, 3 TAX LOTS, REZONE UPSIDE + IN-PLACE INCOME. Three contiguous lots with continuous, high-visibility frontage on Williams Highway, a primary Grants Pass growth corridor. Zoned R-1-8 supporting a +/-16-19 lot by-right subdivision, plus duplex, townhome & cottage-cluster options under Oregon middle-housing law -- no rezone required. The full density thesis runs through an R-4 rezone, and the path is proven next door: the adjacent parcel, under common ownership, is fully entitled for 46 townhomes. Two existing homes generate $16,200/yr of verified month-to-month rent to offset carry while a buyer pursues entitlements. Single-LLC seller, one signature authority, one clean close. A rare land bank on a supply-constrained corridor drawing sustained in-migration from higher-cost West Coast metros. Buyer to verify zoning, rezone feasibility, utilities, assessments, and all development potential.