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47393 Highway 58
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47393 Highway 58
7,000 SF 4% Leased Retail Building Oakridge, OR 97463 £595,674 (£85/SF) 14.42% Net Initial Yield
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INVESTMENT HIGHLIGHTS
- Highway 58 Frontage and Signage
- Vacant and available space can be build to suit
- Extra space and parking on over 3/4 acre lot
- Owner willing to carry at favorable terms
EXECUTIVE SUMMARY
This is a unique property that offers a combination of commercial and residential space. This remarkable property in Oakridge, Oregon presents an excellent opportunity for those seeking a versatile investment. Situated on one lot with approximately 33,160 square feet, this property encompasses a nearly 4000 square feet grocery store and a spacious 2 story 2750 square foot home. The grocery store is the centerpiece of the property. With its strategic location coming into Oakridge. Adjacent to the grocery store is a charming residential home, providing both convenience and a unique living opportunity. Spanning 2750 square feet, the residence offers ample space for comfortable living. It includes 3 bedrooms, 3 bathrooms, a kitchen, a living room, a dining room, an office, a loft and other amenities essential for a cozy and functional home. The property itself features expansive parking spaces for customers, outdoor areas for seating or gardening, and storage facilities. The lot size provides room for potential expansion or customization, allowing the new owner to further enhance the property's value and potential. Located in the scenic town of Oakridge, residents and visitors alike can enjoy the natural beauty of the surrounding area. Oakridge offers a close-knit community, outdoor recreational activities such as hiking and biking trails, and a tranquil lifestyle away from the hustle and bustle of larger cities. Overall, this unique property presents an exciting opportunity to own a combined grocery store and home in Oakridge, Oregon, providing both commercial income potential and comfortable living arrangements in a picturesque setting.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Design & Build
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
C
Year Built/Renovated
1935/2010
Price
£595,674
Price Per SF
£85
Net Initial Yield
14.42%
NOI
£85,892
Percent Leased
4%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.20
Lot Size
0.80 AC
Zoning
C3 - Commercial and Residential
Parking
1.43 Spaces per 1,000 SF Leased
PROPERTY TAXES
Parcel Number | 0965093 | Improvements Assessment | £0 |
Land Assessment | £0 | Total Assessment | £217,622 |
PROPERTY TAXES
Parcel Number
0965093
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£217,622
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47393 Highway 58
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