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Investment Highlights

  • Great Investment Opportunity
  • Commercial Building with Tenants
  • Upgraded Commercial Building

Executive Summary

Exceptional investment opportunity in this quality commercial office building offering approximately 8,300 SF & a stable tenant already in place. The existing lease includes an escalation clause, has 4 years remaining & provides an option to renew. Designed for functionality & professional appeal, the building features 2 entrances leading to 16 windowed offices, 3 variable-sized conference rooms, a kitchen with sink and dining area, & 4 restrooms- 1 with a shower. Additional improvements include heated front sidewalk, a dedicated parking lot with 26+ spaces & upgraded LED lighting, high-density mobile filing storage system, high-end updated fixtures, fire-resistant storage room, central air heating & AC. This property is positioned within Downtown Klamath Falls for strong public visibility on this well-appointed office property that offers a compelling combination of income, quality, and long-term potential.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
8,264 SF
Building Class
C
Year Built
1990
Price
$2,600,000
Price Per SF
$314.62
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,264 SF
Building FAR
0.29
Lot Size
0.66 AC
Opportunity Zone
Yes
Zoning
GC
Parking
26 Spaces (3.15 Spaces per 1,000 SF Leased)

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -

Capstone Accounting and Tax was founded in 2004 in Bend, Oregon, with a mission to provide comprehensive accounting and tax solutions for businesses and individuals. The firm offers services including tax planning and preparation, bookkeeping, payroll management, business valuations, and financial consulting. Capstone operates as a privately held company and emphasizes proactive, year-round support rather than seasonal tax assistance. In 2025, Capstone announced a strategic partnership with Seaside Equity Partners to accelerate growth and expand its market presence while maintaining its client-focused approach. Headquartered in Medford, Oregon, Capstone serves clients across the Pacific Northwest and beyond through multiple offices and virtual services. The company is actively investing in technology and talent to enhance service delivery and broaden its advisory capabilities.

Tenant Industry SF Occupied Rent/SF Lease End
Professional, Scientific, and Technical Services - - -
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
R477111
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$650,500
  • Listing ID: 42087882

  • Date on Market: 9/8/2026

  • Last Updated:

  • Address: 422 S 5th St, Klamath Falls, OR 97601

Contact the Sale Advisor

422 S 5th St

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