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340 NW 7th St 4,659 SF Vacant Office Building Corvallis, OR 97330 $1,150,000 ($246.83/SF)
Executive Summary
Prime downtown Corvallis opportunity blending historic residential charm with flexible commercial potential. This beautifully preserved 1909 home features oak floors, original woodwork, bright windows, and pocket doors that create a private conference or dining space. Previously used as a professional office, comfortably fitting 14+ desks throughout and including a receptionist/entry area—yet the layout easily transitions back to elegant living spaces. The gourmet, magazine-featured kitchen with large island and custom cabinetry works equally well for staff amenities or high-end home cooking. Upstairs offers three spacious bedrooms or office suites plus an updated bath with glass-surround soaking tub.
The full basement adds a bathroom, storage rooms, and kitchenette, ideal for expansion, hobbies, or business support. A beautifully updated 1bd/2ba carriage house with private entrance provides excellent rental income, guest quarters, or additional workspace. With six off-street parking spaces plus a van-accessible ADA spot—rare for downtown—this property suits buyers seeking a live-work setup, professional offices, wellness services, boutique hospitality, or mixed-use investment. Steps to shops, restaurants, OSU, and the waterfront. Buyer to do due diligence.
The full basement adds a bathroom, storage rooms, and kitchenette, ideal for expansion, hobbies, or business support. A beautifully updated 1bd/2ba carriage house with private entrance provides excellent rental income, guest quarters, or additional workspace. With six off-street parking spaces plus a van-accessible ADA spot—rare for downtown—this property suits buyers seeking a live-work setup, professional offices, wellness services, boutique hospitality, or mixed-use investment. Steps to shops, restaurants, OSU, and the waterfront. Buyer to do due diligence.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,659 SF
Year Built
1909
Price
$1,150,000
Price Per SF
$246.83
Percent Leased
Vacant
Building Height
3 Stories
Typical Floor Size
1,553 SF
Building FAR
0.49
Lot Size
0.22 AC
Zoning
RS-9
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 119150 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $402,811 |
Property Taxes
Parcel Number
119150
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$402,811
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340 NW 7th St
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