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512 E Main St 5,480 SF Retail Building Hermiston, OR 97838 $475,000 ($86.68/SF) 6% Cap Rate
Investment Highlights
- Main Street location
- Ample Parking
Executive Summary
This building is currently divided into three spaces. The building construction probably allows six. It is currently occupied as a church, but has been occupied as a market and other various retail and office tenants.
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Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
5,480 SF
Building Class
C
Year Built/Renovated
1951/2024
Price
$475,000
Price Per SF
$86.68
Cap Rate
6%
NOI
$28,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.50 AC
Zoning
C-1 - Downtown Commercial
Parking
24 Spaces (4.38 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 127658 | Improvements Assessment | $66,970 |
| Land Assessment | $273,930 | Total Assessment | $340,900 |
Property Taxes
Parcel Number
127658
Land Assessment
$273,930
Improvements Assessment
$66,970
Total Assessment
$340,900
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Contact the Sale Advisor
512 E Main St