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

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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!

ATTACHMENTS

Cove PDF

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
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

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03S3804CC1200
Land Assessment
$203,620 (2025)
Improvements Assessment
$1,795,170 (2025)
Total Assessment
$1,998,790 (2025)
  • Listing ID: 35529618

  • Date on Market: 4/16/2025

  • Last Updated:

  • Address: 2519 Cove Ave, La Grande, OR 97850

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