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925 S Main St - Mt. Angel Redevelopment Opportunity 31,529 SF Specialty Building Offered at $1,500,000 in Mount Angel, OR 97362
Investment Highlights
- Income stream in place
- Beautiful setting
- 3 month +/- process for zone change (per city)
Executive Summary
The subject property is known as the St. Joseph Shelter and consists of six (6) buildings on close to 8 acres. Bernard Hall, a residential dormitory-style building, is vacant and is not habitable. The remaining buildings include Marmion Hall - a 1960-constructed dormitory, Casa Adele - is 8 (2 bedroom, 1 bath) units renovated apartment building, and three (3) metal storage buildings which support the property.
Catholic Community Services owns/operates the property which serves several public needs from the local food bank to providing seasonal migrant housing opportunities. A new owner who could continue these uses would be wonderful but it is believed that the highest and best use for the property is for residential rental housing which the city has identified as the #1 need. The subject property is located in a rural/residential area of Mt. Angel, Oregon just a few blocks from the city core and across the street from the Benedictine Sisters of Mt. Angel. The property is currently zoned "Public" but the City of Mt. Angel has identified residential rental housing as the top need in the community.
Catholic Community Services owns/operates the property which serves several public needs from the local food bank to providing seasonal migrant housing opportunities. A new owner who could continue these uses would be wonderful but it is believed that the highest and best use for the property is for residential rental housing which the city has identified as the #1 need. The subject property is located in a rural/residential area of Mt. Angel, Oregon just a few blocks from the city core and across the street from the Benedictine Sisters of Mt. Angel. The property is currently zoned "Public" but the City of Mt. Angel has identified residential rental housing as the top need in the community.
Property Facts Under Contract
| Price | $1,500,000 | Lot Size | 3.84 AC |
| Price Per SF | $47.58 | Building Size | 31,529 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Property Type | Specialty | Year Built | 1980 |
| Property Subtype | Shelter | Parking Ratio | 1.49/1,000 SF |
| Building Class | C | Parcel Number | 516150 |
| Zoning | P - Public | ||
| Price | $1,500,000 |
| Price Per SF | $47.58 |
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Property Subtype | Shelter |
| Building Class | C |
| Lot Size | 3.84 AC |
| Building Size | 31,529 SF |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 1.49/1,000 SF |
| Zoning | P - Public |
| Parcel Number | 516150 |
Amenities
- Signage
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925 S Main St - Mt. Angel Redevelopment Opportunity
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