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3802 Altamont Dr 2,509 SF Retail Building Klamath Falls, OR 97603 $649,999 ($259.07/SF) 4.63% Cap Rate
EXECUTIVE SUMMARY
BUSINESS OPPORTUNITY! Altamont Market is a thriving business with 4.3% cap rate. Includes an attached 1 bedroom, 1bathroom residential unit, great for either additional income to maximize your investment, or to be occupied by owner/manager. It is located on the corner of a high traffic intersection, and in a residential area for easy access. Close proximity to a school and other commercial properties. Deli area with 3 wash stainless steel sink, hand washing sink and prep area. There is parking area in the front and spacious yard off the residential side, including 4 locking sealed storage sheds. Additional gated/paved parking behind the store. Tons of updates and potential! Sale includes real estate property, business, equipment and stock on hand at closing. P&L and equipment list available. Call to book your viewing today!
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
2,509 SF
Building Class
C
Year Built/Renovated
1938/2021
Price
$649,999
Price Per SF
$259.07
Cap Rate
4.63%
NOI
$30,100
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.35 AC
Zoning
CN - Neighborhood Commercial
Frontage
261’ on Altamont Drive
AMENITIES
- Corner Lot
- Fenced Lot
- Security System
- Signalized Intersection
- Air Conditioning
- Smoke Detector
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | R543148 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $104,840 |
PROPERTY TAXES
Parcel Number
R543148
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$104,840
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3802 Altamont Dr
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