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54 W Sherman St 5,305 SF 100% Leased Retail Building Lebanon, OR 97355 $515,000 ($97.08/SF)
Executive Summary
LOOK at that BRAND NEW ROOF! Excellent investment opportunity with mixed use property! 3 nice apartments & downstairs retail space with 30 ft of sidewalk frontage. Great location near Main st and short distance to stores, schools, etc. Building is sprinklered, has separately metered electricity & gas and has 4 parking spaces in back. Apartments had updates on last turns (INTERIOR PICS AVAILABLE upon request): 3bed (1315 sq ft), 2 bed (1144 sq ft), 1 bed (723 sq ft) and the retail space is 1516 sq ft. Also on MLS#
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
5,305 SF
Building Class
C
Year Built
1910
Price
$515,000
Price Per SF
$97.08
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.34
Lot Size
0.09 AC
Zoning
CB - Commercial/Residential Mixed Use
Parking
4 Spaces (0.85 Spaces per 1,000 SF Leased)
Frontage
30’ on Sherman St
Amenities
- Signage
Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (80)
Nearby Major Retailers
Property Taxes
| Parcel Number | 0178984 | Total Assessment | $112,750 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
0178984
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$112,750 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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54 W Sherman St
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