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110 Locust St
Oakland, OR 97462
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- The property offers excellent visibility from OR-HWY 99, enhancing its commercial appeal.
- The storefront features original hardwood floors, cold storage, a newer industrial furnace, and a historical bartop.
- The building includes a storefront with tall ceilings and a separate studio apartment.
- The property comprises two tax lots, with the land behind the building currently used by the store, allowing for potential expansion or outdoor space.
EXECUTIVE SUMMARY
This historical commercial building for sale in Oakland, Oregon offers a unique investment opportunity with two income streams from a versatile storefront and a studio apartment. Currently operating as an antique store, the storefront boasts features like cold storage, a newer industrial furnace, original hardwood floors, and a historical bartop that can be negotiated in the sale, making it ideal for conversion into a bar, restaurant, or other retail spaces. The property includes two separate tax lots, with the land behind the building currently utilized by the store, presenting possibilities for an outdoor seating area, additional commercial space, or an extension of the studio apartment. This charming building combines historical significance with modern amenities, promising excellent potential for growth and profitability. Owner carry terms available.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
2,560 SF
Building Class
C
Year Built
1899
Price
$349,900
Price Per SF
$136.68
Cap Rate
3.94%
NOI
$13,800
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.57
Lot Size
0.10 AC
Zoning
Commercial
Frontage
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $285,639 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$285,639
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