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    103 Adams Ave La Grande, OR 97850

    Sponsored
    For Sale
    $775,000

    Large lot, vacant building, redevelopment potential.

    Property size:
    63,598 SF

    Description

    Added:
    Jan 13, 2025
    Days on Market:
    359
    This ±1.46-acre lot in La Grande, Oregon, features a ±17,658 square foot vacant building, previously a skilled nursing care center. Zoned LG-R3 (High Density Res), it allows for multifamily redevelopment with a density of eleven or more dwelling units per acre. Potential redevelopment options include single-family homes, duplexes, triplexes, quadplexes, townhouses, apartments, and condominiums, offering investors diverse possibilities. The property's location near Gangloff Park, Pioneer Park, and Eastern Oregon University ensures consistent demand for a new multifamily development. Conditional redevelopment into other uses is also possible, including community education facilities (public and private), medical services, and lodging. The property is situated in a high-demand area of La Grande, a charming community with a robust service-producing economy, including trade, transportation, utilities, and education sectors. This presents a unique opportunity for investors seeking a significant redevelopment project in a desirable location. The asking price is $775,000. The building size is 63,598 square feet.

    Property Features for 103 Adams Ave

    General Information

    Property type
    Other mixed-use properties
    Square Feet
    63,598 SF
    Price / Square Foot
    $12
    Elevators
    N/A
    Lot Size
    63,598 SF

    Building Details

    Year Built/Renovated
    1963/1994

    HighLights

    • 63,598 SF vacant building on a 1.46‑acre lot in La Grande, OR.
    • High‑density residential zoning allows for multifamily redevelopment with various dwelling options.
    • Prime location near parks and Eastern Oregon University ensures high demand for redevelopment.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    La Grande
    State
    Oregon
    Longitude
    -118.106068
    Latitude
    45.332425

    Nearby Comparable

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      Perry Mill Ranch: Prime Hunting Land

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    • $345,000
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      Established Summerville Tavern & Store

      Turnkey operation, high-profit potential.
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    • $175,000
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      Prime Meacham Hunting Land

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    Nearby Similar for Sale

    • $389,000
      1,188 SF

      La Grande Home with Shop

      Three-bedroom home on a spacious lot with a large shop.
      2802 N 3Rd St, La Grande, OR 97850
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Large lot, vacant building, redevelopment potential.
    Where is this mixed-use property located?
    The property is located at 103 Adams Ave La Grande, OR.
    What is the asking price?
    The asking price for this property is $775,000.
    What are key features of this property?
    This property features: 63,598 SF vacant building on a 1.46-acre lot in La Grande, OR.; High-density residential zoning allows for multifamily redevelopment with various dwelling options.; Prime location near parks and Eastern Oregon University ensures high demand for redevelopment.
    (310) 365-5054
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    103 Adams Ave La Grande, OR 97850
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