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501 Deschutes Ave 1,500 SF 100% Leased Retail Building Maupin, OR 97037 $599,000 ($399.33/SF) 6.30% Cap Rate
Investment Highlights
- Accessible Entrance
- Minimal Steps
- Office
- Ground Level
- Outside Storage
Executive Summary
Cash Flowing Investment Property in downtown Maupin with laundromat, bank, and beautiful apartment. This commercial property grosses over $45k/year! Laundromat is owner-operated, clean, and all machines are in good working order and receive regular servicing. Bank is an established business on a long term lease. Fully remodeled apartment in the back is cute as a button with great short-term rental history. Keep it going as an AirBnB or give yourself a comfortable place to live/vacation in the fine city of Maupin!. Rare opportunity here to own a cash flowing and established business!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,500 SF
Building Class
C
Year Built
1925
Price
$599,000
Price Per SF
$399.33
Cap Rate
6.30%
NOI
$37,737
Percent Leased
100%
Building Height
1 Story
Building FAR
0.69
Lot Size
0.05 AC
Zoning
GC - designates land for a wide variety of high-intensity commercial activities, including retail stores, offices, services, and restaurants
Frontage
20’ on Deschutes Ave Hwy 197
Amenities
- Banking
- Corner Lot
- Tenant Controlled HVAC
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Rivermark Community Credit Union
- Finance and Insurance
- -
- -
- Double Net
- Sep 2031
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Rivermark Community Credit Union | Finance and Insurance | - | - | Double Net | Sep 2031 |
Property Taxes
| Parcel Number | 12020 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $127,441 |
Property Taxes
Parcel Number
12020
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$127,441
Contact
-
Maui Meyer -
Copper West Real Estate
1 of 25
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501 Deschutes Ave
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