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Owner Occupant Opportunity 215-225 N Main St 3,504 SF 100% Leased Retail Building Mount Angel, OR 97362 $639,000 ($182.36/SF) 6.51% Cap Rate
INVESTMENT HIGHLIGHTS
- In Place Income with Fully Leased Suites
- Prime Location on Main Street
- CG Zoning for Versatile Usage
- High exposure for maximum visibility
EXECUTIVE SUMMARY
Introducing an exceptional income-producing opportunity in the picturesque town of Mount Angel, OR. This 3,504 SF building, built in 1910, includes a 1,904 SF owner-occupant opportunity alongside existing tenants that provide steady income, making it ideal for both investors and business owners. With CG zoning, this property offers a wide range of income-producing possibilities. Situated in the charming town of Mount Angel, investors can capitalize on the town's unique appeal and the draw of local patrons, including the town’s largest annual event, Oktoberfest, which brings thousands of visitors each year. The property also features an added parking lot in the back, providing convenience for customers and tenants. With high exposure on Main Street, this property promises excellent visibility. This rare gem embodies the perfect blend of historic charm, income potential, and prime location. Don’t miss the chance to be part of Mount Angel’s thriving commercial landscape with this distinguished property.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,504 SF
Year Built
1910
Price
$639,000
Price Per SF
$182.36
Cap Rate
6.51%
NOI
$41,599
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.35
Lot Size
0.23 AC
Zoning
CG - Commercial
Parking
2 Spaces (0.57 Spaces per 1,000 SF Leased)
Frontage
74’ on N Main St
AMENITIES
- 24 Hour Access
- Bus Line
Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 101189 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $260,060 |
PROPERTY TAXES
Parcel Number
101189
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$260,060
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Owner Occupant Opportunity | 215-225 N Main St
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