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    444 Broadway Ave Burns, OR 97720

    Sponsored
    For Sale
    $250,000

    High-Yield Retail Property, 100% Occupied

    Property size:
    5,088 SF

    Description

    Added:
    Feb 11, 2025
    Days on Market:
    334
    This exceptional retail investment opportunity in downtown Burns, Oregon, presents a 5,088 square foot building on a 0.23-acre lot, featuring two separately metered units currently leased at 100% occupancy. Built in 1909 and renovated in 2019, the property boasts a 5.76% cap rate and a strong NOI of $14,400. The south unit showcases a remodeled interior with exposed beams, tongue-and-groove ceilings, polished concrete floors, and a large open showroom concept, while the north unit houses a long-standing, well-established business. Both units benefit from a shared rear parking area and separate HVAC systems installed in 2019. The property is zoned Commercial General and is ideally suited for an owner-user seeking a profitable venture or an investor looking for a low-maintenance, high-return investment in a revitalizing downtown area with high daily traffic. The month-to-month leases offer flexibility, and the property is eligible for a 1031 exchange. This is a rare opportunity to acquire a well-maintained, income-producing property in a growing Oregon community. The property's strong tenant base and prime location make it an attractive investment for both short-term and long-term growth.

    Property Features for 444 Broadway Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,088 SF
    Lot Size
    10,019 SF

    Building Details

    Year Built/Renovated
    1909/2019
    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • $250,000 asking price for a 5,088 square foot retail storefront in downtown Burns, Oregon.
    • 5.76% cap rate with a $14,400 annual net operating income (NOI).
    • 100% occupancy with two tenants on month‑to‑month leases.
    • Located on a 0.23‑acre lot with ample parking.
    • Building features include a 2019 renovation, exposed beams, and polished concrete floors.
    • Property is zoned Commercial General and is suitable for a 1031 exchange.
    Property Profile Location Intelligence

    Current Use by Public Records

    Burns Trading Post Thrift Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Burns
    County
    Harney
    State
    Oregon
    Longitude
    -119.0547949
    Latitude
    43.5894391

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    FAQs

    What type of property is this?
    Individual retail property - High-Yield Retail Property, 100% Occupied
    Where is this individual retail property located?
    The property is located at 444 Broadway Ave Burns, OR.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: $250,000 asking price for a 5,088 square foot retail storefront in downtown Burns, Oregon.; 5.76% cap rate with a $14,400 annual net operating income (NOI).; 100% occupancy with two tenants on month-to-month leases.
    Request Owner's contact information
    444 Broadway Ave Burns, OR 97720
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    Burns, OR 97720
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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
    444 Broadway Ave Burns, OR 97720
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