111 Fourth St
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111 Fourth St
9,600 SF 76% Leased Industrial Building Amity, OR 97101 £795,292 (£83/SF)
EXECUTIVE SUMMARY
Two tax lots totaling approx. 36,000sf of Light Industrial land prime for redevelopment half block off of 99w traffic, centralized in the heart of Amity Oregon. OR Fill existing space-hold for development at a later date. Nearby many established Yamhill County tasting rooms with growing agritourism foot traffic. Existing structures include warehouse space with 4 bay doors, accessed from both 4th and 5th street. Warehouse space currently divided into 3 units, + (6) 10x20 storage units.
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
£91,101
|
£9.49
|
| Other Income |
-
|
-
|
| Vacancy Loss |
£4,308
|
£0.45
|
| Effective Gross Income |
£86,793
|
£9.04
|
| Taxes |
£3,608
|
£0.38
|
| Operating Expenses |
£13,188
|
£1.37
|
| Total Expenses |
£16,797
|
£1.75
|
| Net Operating Income |
£69,997
|
£7.29
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £91,101 |
| Annual Per SF | £9.49 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | £4,308 |
| Annual Per SF | £0.45 |
| Effective Gross Income | |
|---|---|
| Annual | £86,793 |
| Annual Per SF | £9.04 |
| Taxes | |
|---|---|
| Annual | £3,608 |
| Annual Per SF | £0.38 |
| Operating Expenses | |
|---|---|
| Annual | £13,188 |
| Annual Per SF | £1.37 |
| Total Expenses | |
|---|---|
| Annual | £16,797 |
| Annual Per SF | £1.75 |
| Net Operating Income | |
|---|---|
| Annual | £69,997 |
| Annual Per SF | £7.29 |
PROPERTY FACTS
| Price | £795,292 | Lot Size | 0.82 AC |
| Price Per SF | £83 | Rentable Building Area | 9,600 SF |
| Sale Type | Investment or Owner User | Number of Floors | 1 |
| Sale Condition | Development Sale | Year Built | 1950 |
| Property Type | Industrial | Parking Ratio | 2.08/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 12 ft |
| Building Class | C | Level Access Doors | 10 |
| Price | £795,292 |
| Price Per SF | £83 |
| Sale Type | Investment or Owner User |
| Sale Condition | Development Sale |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.82 AC |
| Rentable Building Area | 9,600 SF |
| Number of Floors | 1 |
| Year Built | 1950 |
| Parking Ratio | 2.08/1,000 SF |
| Clear Ceiling Height | 12 ft |
| Level Access Doors | 10 |
AMENITIES
- Fenced Lot
- Signage
- Yard
- Storage Space
UTILITIES
- Lighting - Incandescent
- Gas
- Water
- Sewer - City
- Heating - Gas
PROPERTY TAXES
| Parcel Numbers | Total Assessment | £208,443 | |
| Land Assessment | £0 | Annual Taxes | £3,608 (£0.38/sf) |
| Improvements Assessment | £0 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£208,443
Annual Taxes
£3,608 (£0.38/sf)
Tax Year
2024
ZONING
| Zoning Code | LI (LI: Light Industrial) |
| LI (LI: Light Industrial) |
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111 Fourth St
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