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518 SW 3rd St 3,060 SF Office Building Corvallis, OR 97333 $652,500 ($213.24/SF) 6.07% 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
$652,500
Price Per SF
$213.24
Cap Rate
6.07%
NOI
$39,607
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
Walk Score®
Walker's Paradise (91)
Bike Score®
Biker's Paradise (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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