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518 SW 3rd St 3,060 SF Office Building Corvallis, OR 97333 $610,000 ($199.35/SF) 6.53% Cap Rate
Investment Highlights
- High traffic exposure
- Dedicated Parking
- Great Signage
Executive Summary
Ideally located multi-tenant office in the heart of downtown. 4 dedicated parking spots in the rear of the building. High visibility location with great signage translates to a prime investment opportunity or a home for your business, allowing owner user to take over half of square footage for SBA lending purposes. Possible seller carry or shot term sale lease back. In a part of Corvallis primed for re-development.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Building Size
3,060 SF
Building Class
B
Year Built
1915
Price
$610,000
Price Per SF
$199.35
Cap Rate
6.53%
NOI
$39,833
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,530 SF
Building FAR
0.59
Lot Size
0.12 AC
Opportunity Zone
Yes
Zoning
CMU-3 - Corvallis Mixed Use 3
Parking
3 Spaces (0.98 Spaces per 1,000 SF Leased)
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 137699 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $209,511 |
Property Taxes
Parcel Number
137699
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$209,511
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518 SW 3rd St
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