706 Main St
Klamath Falls, OR 97601
Office Property For Sale

This three story 12,000 square foot brick masonry building is located near the corner of Main and 7th Streets, in downtown Klamath Falls, and next to Aspen Square, a parking lot operated by the City of Klamath Falls. A yearly parking pass for Aspen Square is available for $120, and two hours of parking is available to the public at no charge. The building was originally The Pine Tree Movie Theater, and it operated from 1922 to the 1950s. A full renovation was completed for Klamath First Federal Savings & Loan in 2001, and included seismic upgrades, elevator installation, ADA compliant restrooms, and office suites and reception build-outs. The building is currently vacant. The location, size, zoning, and Published Reserve at $285,000, or less than $25 per square foot, provides a rare opportunity as re-use for creative offices, or a mix of apartments above, and commercial uses on street level. Abundant low-cost off-street parking is an added benefit. The building has three floors, plus an unfinished basement, and a fourth floor storage area. Street level has 4,560± square feet with storefront and entry on Main Street, and rear entry to Aspen Square Parking Lot. On the street level are six offices, showroom with high ceiling, and two restrooms. The elevator that serves all three floors is located by the rear entry door. A wheel chair lift is located by the staircase to the second floor. The first floor is easily configurable to many different layouts and uses due clear span nature of most of the first floor. The second floor is 2,880± square feet, and has three offices, a large conference room, break room, and two restrooms. The third floor is 4,560± square feet, and has eight offices, open work area, and two restrooms. The unfinished fourth floor, and the basement, are 700± square feet each, and can be used for storage. The entire building contains seventeen offices, a showroom, large conference room, break room, open work area, and six restrooms. All utilities are available including natural gas. Finishes in the building are commercial carpet, parquet flooring, painted sheetrock walls, built-in bookcases, and ceiling system of suspended acoustic tiles. 2017 taxes were $5,868.