1750-1760 3rd St SW 41,478 SF 100% Leased Office Building Corvallis, OR 97333 $5,200,000 ($125.37/SF) 7.51% Cap Rate

MARCUS & MILLICHAP HAS BEEN EXCLUSIVELY CHOSEN TO MARKET
CORVALLIS MILLRACE, a versatile mixed-use property located in Corvallis, OR. This
dynamic complex offers a blend of retail, office, and industrial spaces, built in 1973 and
renovated in 1997. Spanning 41,478 square feet on a generous 2.95-acre lot, it provides
ample room for diverse business operations. Recent improvements include a brand new
roof installed on building 1750 in 2024, a three-year-old warrantied roof on building 1760,
and a brand new roof installed on building 1780 in 2026. Additionally, the parking lot has
been recently redone, new gas packs have been installed on the roof of building 1750, and
a wireless fire suppression system is being implemented to eliminate monthly phone
line charges. A flood designation removal is also in progress, and a 10-year transferable
warranty is available.
Corvallis Millrace Center boasts an impressive roster of tenants, including prestigious
institutions like Oregon State University, as well as established companies such as Acute
Engineering and Kohler Design Corporation. Its strategic location near Oregon State
University’s campus, home to over 37,000 students and 9,000 faculty and staff, ensures a
steady flow of potential customers and employees. With 78 on-site parking spaces, multiple
points of ingress and egress, and prominent signage, the center offers excellent visibility and
accessibility for tenants and visitors alike. Building 1780 is further enhanced with a 3-phase
480 amp power supply. This prime positioning, combined with its flexible spaces and diverse
tenant mix, makes Corvallis Millrace Center an attractive option for businesses looking to
establish or expand their presence in the thriving Corvallis market.