606 Oak St
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606 Oak St
3,054 SF 100% Leased Retail Building Hood River, OR 97031 £954,502 (£313/SF) 5.50% Net Initial Yield
Executive Summary
Prime CRE Opportunity in Downtown Hood River! This iconic craftsman-style building has been transformed into flexible commercial real estate. Sitting on just under 5,000sf, the site is highly visible, easily accessible and features Columbia River views. This versatile property with split-level design, has 2 current tenants both on month to month leases with 5 year, absolute NNN leases. The main level has: built-in bar, kitchen, open dining with fireplace, patio and back deck. Lower level features built-in bar, open flex space and additional outdoor patio. Total seating with outside areas is approximately 100 seats, the finished attic can be used as functional office space. Both levels are easily accessible with the ability to connect. Located in the heart of Hood River’s bustling downtown, it boasts a central location with excellent visibility and proximity to local shops, restaurants, and amenities. With 35+ years of long-term rental history, this is opportunity in Hood River is worth a look. Don’t miss your chance to make your mark in this vibrant community!
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£59,761
|
£14.94
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£59,761
|
£14.94
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£7,264
|
£1.82
|
| Net Operating Income |
£52,498
|
£13.12
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £59,761 |
| Annual Per SF | £14.94 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £59,761 |
| Annual Per SF | £14.94 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £7,264 |
| Annual Per SF | £1.82 |
| Net Operating Income | |
|---|---|
| Annual | £52,498 |
| Annual Per SF | £13.12 |
Property Facts
Sale Type
Investment
Property Type
Building Size
3,054 SF
Building Class
C
Year Built
1915
Price
£954,502
Price Per SF
£313
Net Initial Yield
5.50%
NOI
£52,498
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
0.63
Lot Size
0.11 AC
Opportunity Zone
Yes
Zoning
C2 - https://hoodriver.municipal.codes/HRMC/17.03.050
Parking
1 Space (0.33 Spaces per 1,000 SF Leased)
Frontage
50 ft on Oak
Amenities
- Balcony
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Lake Taco
- Accommodation and Food Services
- -
- -
- Jul 2029
- Spinning Wheels Brewing Project
- Accommodation and Food Services
- -
- -
- Jul 2029
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Lake Taco | Accommodation and Food Services | - | - | Jul 2029 | ||
| Spinning Wheels Brewing Project | Accommodation and Food Services | - | - | Jul 2029 |
Walk Score ®
Very Walkable (84)
Nearby Major Retailers
1 of 45
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606 Oak St
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