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    601-609 Clay St E Monmouth, OR 97361

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    For Lease
    $1.00 SF/Yr

    Retail space in newer shopping center near Western Oregon University.

    Property size:
    1,170 SF
    Lot size:
    0.48 Acres

    Property Features for 601-609 Clay St E

    General Information

    Size
    1,170 SF
    Lot size
    0.48 Acres

    Source: Coldwell Banker Commercial - Mountain West | Salem Agent Pam Rushing

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space Near Western Oregon

    This retail space is located in a newer shopping center with high traffic counts on Highway 99W, also known as Monmouth-Independence Highway. Neighboring tenants include Burgerville, Carl's Jr., Dutch Bros, and Bi-Mart. The property is located close to Western Oregon University, approximately 0.5 miles away. Ample parking is available, with a ratio of 7.5 spaces per 1,000 square feet. The 1,170-square-foot space was formerly a pizza restaurant and contains a large pizza hood. It presents an opportunity for a deli or other food user, and can also serve as standard retail space.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Similar Places Nearby

    Coinstar Kiosk - Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Monmouth
    County
    Polk
    State
    Oregon
    Longitude
    -123.228231
    Latitude
    44.847017

    Nearby Similar for Lease

    • $1.45 SF/Yr
      2,625 SF

      Former Bank Retail Building Available

      Standalone retail building with drive-thru, ready for sublease.
      200 Main St E, Monmouth, OR 97361
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space in newer shopping center near Western Oregon University.
    Where is this shopping center located?
    The property is located at 601-609 Clay St E Monmouth, OR.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: - High Traffic Counts on Hwy 99W / Monmouth-Independence Hwy; - Popular neighboring Tenants include Burgerville, Carls Jr., Dutch Bros. & Bi-Mart; - Newer Shopping Center
    (503) 884-0457
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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
    601-609 Clay St E Monmouth, OR 97361
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