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Chiloquin Mall 212 S 1st Ave 10,000 SF 100% Leased Retail Building Chiloquin, OR 97624 $599,000 ($59.90/SF) 8% Cap Rate
Executive Summary
Prime Commercial Opportunity in Downtown Chiloquin! This single-level, multi-tenant strip mall features 7 total spaces, including long-term tenants including the U.S. Post Office and the popular Potbelly Cafe. Also included is the stand-alone building at the end of the strip mall and ready for new tenants—ideal for retail, office, or service businesses. Located in the heart of downtown Chiloquin with a dedicated parking lot, good visibility, and steady traffic. Great investment or owner-user opportunity in a Southern Oregon rural community. Sale includes two vacant lots on the north side of the mall and 1 vacant lot on the south side for a total of 10,000 sq ft building on 1.4 acres.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
10,000 SF
Building Class
B
Year Built
1970
Price
$599,000
Price Per SF
$59.90
Cap Rate
8%
NOI
$47,920
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
1.40 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
26 Spaces (2.6 Spaces per 1,000 SF Leased)
Frontage
196’ on 1st Avenue
Amenities
- Restaurant
- Tenant Controlled HVAC
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Numbers | Improvements Assessment | $135,690 | |
| Land Assessment | $143,430 | Total Assessment | $702,620 |
Property Taxes
Parcel Numbers
Land Assessment
$143,430
Improvements Assessment
$135,690
Total Assessment
$702,620
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Chiloquin Mall | 212 S 1st Ave
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