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501 First Ave Culver, OR 97734

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For Sale
$1,175,000

Prime Commercial Space, Multiple Income Streams

Property size:
13,029 SF

Property Features for 501 First Ave

General Information

Property type
Other commercial real estate
Square Feet
13,029 SF
Lot Size
28,750 SF

Building Details

Year Built
1946

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Listing Contact
Brent Barker

Listing Agency: Coldwell Banker Bain Listing Agent: Brent Barker

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This exceptional 13,029 square foot commercial property, located at 501 1st Ave in Culver, Oregon, presents a unique investment opportunity. Situated on a 0.66-acre lot in the heart of Culver, this C1-zoned property boasts a prime location, benefiting from the town's robust growth. Culver's population has seen a 7.05% increase since the last census, with an annual growth rate of 2.3%. The property currently houses a general grocery store and retail space, offering multiple income streams poised for expansion. Its strategic location serves as a gateway to the popular Cove Palisades State Park and Lake Billy Chinook Recreation Area, driving significant seasonal retail activity and catering to a large local demand. This established business, one of the original grocery stores in the area, is ready for a new owner to rebrand and capitalize on Central Oregon's significant expansion and the influx of residents from new housing developments. The property is listed at $1,175,000, with a discount available for cash buyers. The seller is motivated and reviewing all offers. The owner is open to a five-year lease with options, with leasehold improvements paid by the lessee. This presents a compelling opportunity for an innovative entrepreneur to establish or expand their business in a thriving community. Please note that the business should not be disturbed.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Department Store Bar & Pub

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

Location Insight

  • Map
  • Local Demand
City
Culver
County
Jefferson
State
Oregon
Longitude
-121.2104
Latitude
44.52401

FAQs

What type of property is this?
Commercial real estate - Prime Commercial Space, Multiple Income Streams
Where is this commercial real estate located?
The property is located at 501 First Ave Culver, OR.
What is the asking price?
The asking price for this property is $1,175,000.
More about this property
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