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103-105 S Water St 2,480 SF Retail Building Silverton, OR 97381 $675,000 ($272.18/SF) 7.16% Cap Rate



Investment Highlights
- Fully remodeled in 2016 (ground-up renovation)
- Quality tenant (insurance office)
- Historic downtown Silverton location
- Excellent buy-and-hold investment
Executive Summary
Investment Opportunity – Fully Remodeled Office Building in Historic Downtown Silverton
Located in the heart of historic downtown Silverton, Oregon, this beautifully restored office building was completely remodeled from the ground up in 2016, combining classic brick character with modern systems and finishes.
The property is currently occupied by a long-standing insurance company under a gross lease that runs through 2029, with an option to renew, providing stable, predictable income for the next owner. The lease structure offers true hands-off ownership, making this an ideal buy-and-hold investment.
The building features a charming brick façade, excellent street presence, and a modernized interior with private offices, glass partitions, abundant natural light, and a professional layout suitable for a wide range of office users. Additional basement space offers valuable storage or future flexibility.
Positioned in Silverton’s walkable downtown core, surrounded by local businesses, restaurants, and services, this property offers long-term tenant stability, historic appeal, and strong investment fundamentals in one of Oregon’s most desirable small-town markets.
Located in the heart of historic downtown Silverton, Oregon, this beautifully restored office building was completely remodeled from the ground up in 2016, combining classic brick character with modern systems and finishes.
The property is currently occupied by a long-standing insurance company under a gross lease that runs through 2029, with an option to renew, providing stable, predictable income for the next owner. The lease structure offers true hands-off ownership, making this an ideal buy-and-hold investment.
The building features a charming brick façade, excellent street presence, and a modernized interior with private offices, glass partitions, abundant natural light, and a professional layout suitable for a wide range of office users. Additional basement space offers valuable storage or future flexibility.
Positioned in Silverton’s walkable downtown core, surrounded by local businesses, restaurants, and services, this property offers long-term tenant stability, historic appeal, and strong investment fundamentals in one of Oregon’s most desirable small-town markets.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,480 SF
Building Class
C
Year Built
1930
Price
$675,000
Price Per SF
$272.18
Cap Rate
7.16%
NOI
$48,330
Tenancy
Single
Building Height
1 Story
Building FAR
0.95
Lot Size
0.06 AC
Zoning
C3 - DOWNTOWN COMMERCIAL
Frontage
34’ on Water St
Amenities
- Signage
Walk Score®
Very Walkable (87)
Nearby Major Retailers
Property Taxes
| Parcel Number | 330280 | Total Assessment | $260,150 |
| Land Assessment | $30,450 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $229,700 | Tax Year | 2025 |
Property Taxes
Parcel Number
330280
Land Assessment
$30,450
Improvements Assessment
$229,700
Total Assessment
$260,150
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Videos
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Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Sadaka Realty LLC
103-105 S Water St
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