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    120 Theater Ln Hermiston, OR 97838

    Sponsored
    For Sale
    $600,000

    Prime Hermiston location, high-traffic area.

    Property size:
    77,101 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 1.87-acre commercial property in Hermiston, Oregon, presents a remarkable investment opportunity. Boasting 77,101 square feet of land, the property enjoys a highly visible location directly across from Grocery Outlet, Hermiston Theater, Goodwill, and HAPO Credit Union. Its strategic position also places it in close proximity to Ace Hardware, Home Depot, Community Bank, Old West Bank, and numerous other thriving businesses. The property includes three existing residential buildings located at 120, 150, and 220 Theater Lane, each currently generating month-to-month rental income from long-term tenants. These homes are not included in the sale. In addition to the buildings, four unimproved lots are also part of this expansive offering. The property benefits from excellent frontage on Theater Lane, providing exceptional visibility and accessibility. This versatile site presents an ideal canvas for the development of a new commercial building, a strip mall, or a mixed-use project. The existing rental income provides a stable cash flow while development plans are formulated, making this a truly unique and lucrative investment opportunity in a rapidly growing area. The property is priced at $600,000.

    Property Features for 120 Theater Ln

    General Information

    Property type
    Other commercial real estate
    Square Feet
    77,101 SF
    Lot Size
    81,457 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hermiston
    County
    Umatilla
    State
    Oregon
    Longitude
    -119.2918
    Latitude
    45.85706

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Hermiston location, high-traffic area.
    Where is this commercial real estate located?
    The property is located at 120 Theater Ln Hermiston, OR.
    What is the asking price?
    The asking price for this property is $600,000.
    (503) 548-4848
    Request Owner's contact information
    120 Theater Ln Hermiston, OR 97838
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    Hermiston, OR 97838
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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
    120 Theater Ln Hermiston, OR 97838
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