Bought with SMI Commercial Real Estate LLC
$400,000
$465,000
14.0%For more information regarding the value of a property, please contact us for a free consultation.
0.3 Acres Lot
SOLD DATE : 10/13/2023
Key Details
Sold Price $400,000
Property Type Commercial
Sub Type Business Opportunity
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 23246878
Sold Date 10/13/23
Year Built 1913
Annual Tax Amount $3,103
Tax Year 2022
Lot Size 0.300 Acres
Property Sub-Type Business Opportunity
Property Description
Multi-use investment property located on HWY 20/Main St. in Philomath. The property consists of 5 buildings and a storage container. Leased spaces: 2 residential apartments, 3 retail/office spaces, 2 units in metal shop/building, and a small storage shed. This owner managed property has generated fantastic income with $53,793 in 2022. 7.23% Cap Rate on 2022 Actuals. Pro-forma at 7.81% Cap Rate. ODOT funded HWY 20 project underway to revitalize Main St.
Location
State OR
County Benton
Area _220
Zoning C-2
Interior
Heating Heat Pump
Cooling Window Unit
Exterior
View Y/N true
View Territorial
Roof Type Composition,Metal
Garage No
Building
Sewer Public Sewer
Water Public Water
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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