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144 S Main St 5,150 SF 100% Leased Retail Building Independence, OR 97351 $1,000,000 ($194.17/SF)
Executive Summary
Introducing the iconic "Belt Building" in downtown Independence, OR. This historic property, known for housing Main Street Antiques, has been meticulously restored and structurally reinforced, making it a standout investment opportunity. The fully renovated building exudes character, while the versatile ground floor space is ideal for retail, office, or food service use. Upstairs, a spacious 2-bedroom, 1-bathroom apartment with laundry facilities offers additional value. With the added bonus of an oversized 2-car garage featuring high ceilings and a restroom, this property presents a unique and versatile opportunity for investors or business owners alike. Located with frontage on Main Street, the building is directly across the street from the fountain at Riverfront Park. Listing Broker has an ownership interest in the entity that owns the property.
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- Offering Memorandum
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,150 SF
Building Class
C
Year Built/Renovated
1890/2020
Price
$1,000,000
Price Per SF
$194.17
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.15
Lot Size
0.10 AC
Zoning
MUPC - Mixed Use Pedestrian Friendly
Parking
2 Spaces (0.39 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 202815 | Improvements Assessment | $312,740 |
| Land Assessment | $115,410 | Total Assessment | $428,150 |
Property Taxes
Parcel Number
202815
Land Assessment
$115,410
Improvements Assessment
$312,740
Total Assessment
$428,150
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144 S Main St
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