131 N. Front Street | QSR Redevelopment Site | 131 N Front St
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131 N. Front Street | QSR Redevelopment Site 131 N Front St
760 SF 100% Leased Retail Building Central Point, OR 97502 £414,225 (£545/SF)
Executive Summary
Merit Commercial Real Estate is pleased to exclusively present 131 N Front Street, a long-awaited and compelling redevelopment or owner-user opportunity, exceptionally located in desirable Central Point, Oregon.
131 N Front Street is an iconic property with a long history and a variety of uses, most recently being a limited service Mexican restaurant.
The existing 760 SF structure, while functional and usable in its current state, presents a great redevelopment opportunity. Ideal for a coffee stand, small drive-thru food service, food truck pod, or a variety of other uses (buyer to confirm legality and feasibility).
Alternatively, the property is a great fit for an owner-user looking for a high-visibility, well-known property to house a startup or an expansion of a retail or food service business.
The GC-TOD zoning (General Commercial, Transit-Oriented Development overlay) appears to be one of, if not the most flexible in Central Point, and allows for a plethora of different commercial or industrial uses.
Outside, there are 2 large dedicated sign locations; on the face of the building, as well as a permanent grandfathered double-sided monument sign facing North Front Street.
The immediate area surrounding 131 N Front Street, extending from East Pine Street to Hazel Street, is the Southern Oregon Artisan Corridor. This has led to multiple seven-figure investments in the walkability, transportation options, aesthetics, and desirability of the neighborhood, transforming the historic street into a charming creatives paradise.
The excess land to the south of the existing structure allows the new owner abundant optionality in their plans for the property, and could be significantly further developed.
Buyer is responsible for any and all due diligence, including environmental, licensing, use, legality, and all other items. Contact the listing brokers today for additional information!
131 N Front Street is an iconic property with a long history and a variety of uses, most recently being a limited service Mexican restaurant.
The existing 760 SF structure, while functional and usable in its current state, presents a great redevelopment opportunity. Ideal for a coffee stand, small drive-thru food service, food truck pod, or a variety of other uses (buyer to confirm legality and feasibility).
Alternatively, the property is a great fit for an owner-user looking for a high-visibility, well-known property to house a startup or an expansion of a retail or food service business.
The GC-TOD zoning (General Commercial, Transit-Oriented Development overlay) appears to be one of, if not the most flexible in Central Point, and allows for a plethora of different commercial or industrial uses.
Outside, there are 2 large dedicated sign locations; on the face of the building, as well as a permanent grandfathered double-sided monument sign facing North Front Street.
The immediate area surrounding 131 N Front Street, extending from East Pine Street to Hazel Street, is the Southern Oregon Artisan Corridor. This has led to multiple seven-figure investments in the walkability, transportation options, aesthetics, and desirability of the neighborhood, transforming the historic street into a charming creatives paradise.
The excess land to the south of the existing structure allows the new owner abundant optionality in their plans for the property, and could be significantly further developed.
Buyer is responsible for any and all due diligence, including environmental, licensing, use, legality, and all other items. Contact the listing brokers today for additional information!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
760 SF
Year Built
1966
Price
£414,225
Price Per SF
£545
Percent Leased
100%
Number of Floors
1
Building FAR
0.04
Land Acres
0.46 AC
Zoning
GC-TOD - General Commercial, Transit-Oriented Development
Frontage
298 ft on North Front Street
Walk Score ®
Very Walkable (78)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 10140076 | Improvements Assessment | £22,809 |
Land Assessment | £76,354 | Total Assessment | £99,163 |
PROPERTY TAXES
Parcel Number
10140076
Land Assessment
£76,354
Improvements Assessment
£22,809
Total Assessment
£99,163
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131 N. Front Street | QSR Redevelopment Site | 131 N Front St
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