620 NW Van Buren Ave
Corvallis, OR 97330
Van Buren Court · Office Property For Sale

The building, Van Buren Court, is configured as follows: the ground floor has 4 commercial office spaces, currently on long term leases (Farmers Insurance Agency, Acupuncture, LCSW, LMT, CPA Firm) and an owner's office which is 125 square feet. Plus off-street parking and a private lush courtyard. The second floor offers 7 fully furnished, tastefully appointed 1 bedroom apartments. We offer Four as “Fully Furnished Corporate Apartments” (currently at $1800 a month) and also three Airbnb's (read our reviews, we are designated Super Hosts). The basement floor is 1200sf with coin-op laundry center (for guests), and shop space/storage equipment area for owners. Overall we have 10 on-site parking spaces in as well as on street parking. Private courtyard, regularly maintained with sustainable landscaping with two water features. Why Corvallis? With our ongoing strong local economic economy, our years of service and positive reviews,we've enjoyed a sustainable business. Corvallis is a town of approximately 56 thousand residents, however it houses Oregon State University, a Research Designated Institution (Land, Sea, Space, Sun Grant), which is one of only three US institutions to obtain all four designations, research dollars are huge. In 2017 OSU received $441 million in research funding. Corvallis was ranked number 48 on the 100 best places to live and launch a business by Fortune Small Business in 2008. This places Corvallis as the second-best place in Oregon to launch a business, after Portland. The building, centrally located, is within walking distance to: OSU, Waterfront, parks, downtown, library, activities, shopping, restaurants and events. This is a “turn-key” sale of the Building and Business (commercial and residential rental business). For 12 years, the owners have consistently worked on improving services as well as: furnishings, fixtures, electronics, housewares, library, art work, security, which are all included in the sale. Our residential Corporate Apartments attract local institutional businesses who count on us to provide quality housing for their: contractors, new hires, consultants, visitors, medical locum tenens, nuclear & computer engineering professionals, as well as visiting professors. Currently, owners OCCUPY 125sf office space and a 725sf (furnished) apartment with a private, landscaped 350sf deck and hot tub. Buyer could occupy these spaces or convert to income. In reality you could be purchasing a home, building and a business. Building offers an ongoing maintenance schedule, individual electric meters, $53,000 high speed internet cable upgrade, plumbing upgrades, engineered deck, LED lighting throughout, building meticulously maintained, carefully appointed furnishings with beautiful mature landscaped “green areas” and a private lush courtyard for tenant use. This upscale short-stay housing business has outstanding cashflow with tremendous upside.