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Converted Retail and Office Building
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Pending

1239 Main St -1245, Philomath, OR 97370

Former movie theater converted to retail space with an upstairs two-bedroom apartment and a small office suite.

Days on Market110

Property Features for 1239 Main St -1245

General Information

Standard status Pending
Property subtype Retail

Units

Multifamily Units 2
Office Units 1
Listing Agency: Coldwell Banker Commercial Valley Brokers Corvallis
Listed By: David Suprono CCIM · License #OR
Source: Crexi
Added: Apr 12 Changed: Jul 23 Last Checked: Jul 29 at 3:08PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Valley Brokers Corvallis

Investment Insights

Based on property information with market context.

This converted former movie theater includes multiple income-producing components: a retail space, a small office space with a restroom, and a two-bedroom, one-bath apartment upstairs. The building is laid out to support separation of uses, with all three units currently vacant and available for independent occupancy.

Situated centrally in downtown Philomath’s CBD, the property offers an owner-user or multi-tenant setup in the heart of the area. The combination of retail, office, and residential space provides flexibility for how the units are rented.

The retail portion and the small office suite are separate from the upstairs apartment, which is accessed as part of the building configuration. Each unit can be rented out separately, supporting different leasing options depending on tenant needs.

Key Highlights

  • Former movie theater converted to a retail store with an upstairs 2‑bedroom, 1‑bath apartment
  • Layout includes retail space, a small office space with restroom, and an upstairs apartment
  • All 3 units can be rented separately: retail, office, and apartment

Property Analytics

Current Use

Yours truly salon Hair Salon

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office HVAC Service Bakery (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Office units
2
Residential units

Location Intelligence

Trade Area within ½ mile

432
Businesses Nearby

Demographics for 97370, OR

9,320
Population
4,302
Households
2.2
Avg Household Size
41
Median Age
47%
College-Educated
97%
High-School Grad
178.5 sq mi
ZIP Area
52
Density / Sq Mi
$87,198
Median Household Income
$43,330
Median Earnings
$1,353
Median Rent
$424,600
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Former movie theater converted to retail space with an upstairs two-bedroom apartment and a small office suite.
Where is this retail space located?
The property is located at 1239 Main St -1245 Philomath, OR.
What are key features of this property?
This property features: Former movie theater converted to a retail store with an upstairs 2‑bedroom, 1‑bath apartment; Layout includes retail space, a small office space with restroom, and an upstairs apartment; All 3 units can be rented separately: retail, office, and apartment
More about this property
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