120 Theater Ln Hermiston, OR 97838

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.