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    501 First Ave Culver, OR 97734

    Sponsored
    For Sale
    $1,175,000

    Prime Commercial Space, Multiple Income Streams

    Property size:
    13,029 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    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 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
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Auto Repair Shop Wholesale Shop Auto Parts Store Department Store

    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

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    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.
    (541) 382-4123
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    501 First Ave Culver, OR 97734
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    Culver, OR 97734
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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
    501 First Ave Culver, OR 97734
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