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2519 Cove Ave 15,917 SF Health Care Building Offered at $3,399,900 in La Grande, OR 97850



Executive Summary
Exceptional commercial opportunity! This 15,917 SF commercial building with a current lease of $20,000/month is situated on nearly two acres, offers a rare combination of high-end construction, thoughtful design, and incredible versatility in an established business corridor. With multiple covered entrances with wide sidewalks complete with a full snow melt system and ADA compliance, the single-level structure provides easy access for visitors and staff. The property is surrounded by low maintenance mature landscaping and features a well-lit, paved parking lot with 75 +/- spaces. Designed with custom craftsmanship, the building showcases stunning stone walls accented with polished river rock beams and entryways, creating a distinctive and welcoming aesthetic. Currently configured for both medical and gym use, the interior layout is highly adaptable, making it an ideal opportunity for a variety of business ventures, including recreation, hospitality, or restaurant use. One of the two existing gym areas includes a spacious workout space, a private office and a separate instruction room. Adjacent is an indoor pool with convenient access to a laundry area. The well-equipped locker rooms, each featuring a sauna, provide access to both pool and gym area. The medical facility wing offers numerous private rooms, designated office space, two kitchen areas, a welcoming foyer, three bathrooms, and a secondary gym currently used for physical therapy.With its premium construction, expansive footprint, and the flexibility to reimagine the space for new business opportunities, this property presents an outstanding investment in a prime location. Whether continuing its current use or transforming it to suit new possibilities, this is a one-of-a-kind opportunity to own a standout commercial building. Call your Broker today for more information or to schedule a tour to explore its full potential! Business is not included in the sale. Owner will carry a contract - inquire for more information!
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$240,000
|
$15.08
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$240,000
|
$15.08
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $240,000 |
| Annual Per SF | $15.08 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $240,000 |
| Annual Per SF | $15.08 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $3,399,900 | Building Size | 15,917 SF |
| Price Per Bed | $169,995 | No. Beds | 20 |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Health Care | Year Built | 2003 |
| Lot Size | 1.97 AC | Opportunity Zone |
Yes
|
| Zoning | LG-GC - The purpose of this zone is to provide the full range of retail goods and services serving a large area. | ||
| Price | $3,399,900 |
| Price Per Bed | $169,995 |
| Sale Type | Investment or Owner User |
| Property Type | Health Care |
| Lot Size | 1.97 AC |
| Building Size | 15,917 SF |
| No. Beds | 20 |
| No. Stories | 1 |
| Year Built | 2003 |
| Opportunity Zone |
Yes |
| Zoning | LG-GC - The purpose of this zone is to provide the full range of retail goods and services serving a large area. |
Amenities
- Wheelchair Accessible
- Fiber Optic Internet
- Smoke Detector
1 1
Property Taxes
| Parcel Number | 03S3804CC1200 | Improvements Assessment | $1,795,170 (2025) |
| Land Assessment | $203,620 (2025) | Total Assessment | $1,998,790 (2025) |
Property Taxes
Parcel Number
03S3804CC1200
Land Assessment
$203,620 (2025)
Improvements Assessment
$1,795,170 (2025)
Total Assessment
$1,998,790 (2025)
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