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Grocery-Retail-Apartments-501 1st Ave. Culver 501 1st Ave 13,029 SF 100% Leased Retail Building Culver, OR 97734 $999,750 ($76.73/SF)

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INVESTMENT HIGHLIGHTS

  • Center of town
  • Apartments - Retail - Grocery
  • History

EXECUTIVE SUMMARY

C1 Zoning - retail, coffee shop, business services subject to Jefferson County business application. Part of the Culver redevelopment plan. Proof of funds or commercial loan approval required to show. Use OREF Commercial forms to make offer. Do not disturb business. Title to be First American Title - Christina Brusco Call broker for details. Seller motivated reviewing all offers.
General Grocery, and retail. Culver is currently growing at a rate of 2.3% annually and its population has increased by 7.05% since the most recent census. Gateway to the Cove Palisades State Park, and Lake Billy Chinook Recreation Area. Seasonal retail activity, large local demand, center of Culver, and multiple income streams that will benefit from Central Oregon's massive expansion. One of the original grocery stores in the area. Ready for the innovative entrepreneur to re-brand, and capitalize on a growing region, and benefit from new housing developments. C1 Zoning - retail, coffee shop, business services. Owner open to 5 year lease with options, and improvements are paid by lessee. Discount for cash. Do not disturb business. Call broker for details. Seller motivated reviewing all offers.

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
13,029 SF
Year Built
1946
Price
$999,750
Price Per SF
$76.73
Percent Leased
100%
Building Height
2 Stories
Loading Docks
1 Exterior
Building FAR
0.45
Lot Size
0.66 AC
Zoning
C1 - Commercial One (C1) - Convenience, Retail, Office, Medical, Residential (see Section 25 Jefferson County Zoning Permitted)
Parking
50 Spaces (3.84 Spaces per 1,000 SF Leased)
Frontage
250’ on 1st Ave

AMENITIES

  • Bus Line
  • Corner Lot
  • Signage
  • Tenant Controlled HVAC
  • Kiosk/Cart Space
  • Accent Lighting
  • Storage Space
  • Monument Signage
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
121318-DD-00300
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$345,990
  • Listing ID: 28795364

  • Date on Market: 6/19/2023

  • Last Updated:

  • Address: 501 1st Ave, Culver, OR 97734

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