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    Bridge St Sheridan, OR 97378

    Sponsored
    For Sale
    $415,000

    Historic building, retail & apartments, high potential.

    Property size:
    13,594 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional Sheridan, Oregon property presents a unique investment opportunity. The historic Heider Building, boasting 13,594 square feet on a 0.31-acre lot, offers four street-level retail spaces and eight second-floor walk-up apartment units. This century-old building has undergone significant renovations, with much of the essential engineering and seismic upgrades already completed. The property is ideally positioned for infill rehabilitation, capitalizing on its prime location and existing infrastructure. While some electrical and plumbing work remains, potential grant funding may be available to offset these costs. The building's layout is designed to maximize both retail and residential income streams, offering a diverse revenue potential. This is an excellent opportunity for an experienced developer or investor with a proven track record in similar projects. The seller is motivated, and comprehensive due diligence information is available upon request. This is a rare chance to acquire a substantial property in a desirable location with significant upside potential. The building's historic character combined with its modern updates creates a unique blend of charm and functionality. Don't miss this chance to acquire a piece of Sheridan's history and shape its future.

    Property Features for Bridge St

    General Information

    Property type
    Retail properties
    Square Feet
    13,594 SF
    Lot Size
    13,504 SF
    Location Intelligence

    Current Use by Public Records

    Retail properties

    Map

    City
    Sheridan
    County
    Yamhill
    State
    Oregon
    Longitude
    -123.3952
    Latitude
    45.09894

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    Nearby Similar for Sale

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      Heider Building: Sheridan, OR

      Mixed-use building, prime location.
      219 Bridge St, Sheridan, OR 97378
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    FAQs

    What type of property is this?
    Retail property - Historic building, retail & apartments, high potential.
    Where is this retail property located?
    The property is located at Bridge St Sheridan, OR.
    What is the asking price?
    The asking price for this property is $415,000.
    (503) 588-0400
    Request Owner's contact information
    Bridge St Sheridan, OR 97378
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    Sheridan, OR 97378
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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
    Bridge St Sheridan, OR 97378
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