Description

14,000 sq ft building features multiple user and tenant configurations. Built in 1886 and expanded in 1958. Two-Story brick building built in High Victorican, Italiante Style; the most popular style for commercial and public buildings of this period. Round arched windows, cast iron elements, storefront retail glass, 5 retail entrances on two sides and more.

2nd level, currently meeting and event space, makes an easy conversion to office or second story retail in this elevator served building. 7,000 sq ft foot print is rich in history figuring prominently in the growth and development of Lebanon. Unfinished 3rd level mezzanine not calculated in square footage.

Leased at just $0.65 per sq ft, NNN, would yield a 10.5% cap rate return, including a 7.5% vacancy rate. Priced at $68.00 per sq ft.

Corner location at heart of the central business district in Lebanon, Oregon. Directly across street is a large public parking lot. Just 1/2 block down is City Economic Development and Planning Department; 1/2 block further is City Hall.

Lebanon is booming according to an Oct. 2008 news report. Several new businesses have located in Lebanon over past few years including Lowes Distribution Center, Super Wal-Mart, Laticrete Manufacturing, Western University of Health Science, and a new SHS Hospital Campus and Medical School.