Two-Tenant Freestanding Retail
320 SW Emigrant Ave Pendleton, OR 97801
320 SW Emigrant Ave, Pendleton, OR, 97801
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For Sale
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Two street-level retail suites with shared below-grade storage and dock-high loading in a high-traffic Pendleton area.
Property Size20,700 SF
Price / SF$120.53
Days on Market512
Property Features for 320 SW Emigrant Ave
General Information
- Standard status
- Active
- Size
- 20,700 SF
- Property subtype
- RETAIL
Properties For Sale
at 320 SW Emigrant Ave Contact us
Listing agency
SVN Retter & Company
(509) 737-9429
Listed by
Ashley Moala · License ##201243902
Source
Moodyscre
Added: Feb 24, 2025 Updated: Jul 21 at 1:24PM Checked: Jul 21 at 1:24PM
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 SVN Retter & Company
Investment Insights
Based on property information with market context.
Large two-tenant freestanding retail building available for sale and lease, totaling 20,700 SF of street-level retail with 5,600 SF of below-grade storage. The property is currently demised into two separate retail suites that share the basement storage space.
The building is situated in a high-traffic area of Pendleton with visibility along Emigrant Ave and Frazer, which the remarks describe as major arterial roads through town. Suite 320 includes a large showroom, private office, restrooms, dock-high truck loading dock, and basement space. Suite 336 includes a large showroom with restrooms, back inventory area, private office space, dock-high door and roll-up door, ventilated paint room, and basement space.
Western Auto is noted as occupying Suite 320 on a month-to-month basis at below-market rate. Baxter Auto Parts occupies Suite 336 and is expected to vacate upon sale or lease. Various uses are described as possible within C-1/CMU zoning.
The building is situated in a high-traffic area of Pendleton with visibility along Emigrant Ave and Frazer, which the remarks describe as major arterial roads through town. Suite 320 includes a large showroom, private office, restrooms, dock-high truck loading dock, and basement space. Suite 336 includes a large showroom with restrooms, back inventory area, private office space, dock-high door and roll-up door, ventilated paint room, and basement space.
Western Auto is noted as occupying Suite 320 on a month-to-month basis at below-market rate. Baxter Auto Parts occupies Suite 336 and is expected to vacate upon sale or lease. Various uses are described as possible within C-1/CMU zoning.
Key Highlights
- 20,700 SF street‑level freestanding retail building in a high‑traffic Pendleton area.
- Two demised retail suites: Suite 320 and Suite 336, both with showroom, restrooms, private office, and basement space.
- Shared 5,600 SF below‑grade storage space for the two suites.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $298.1k | $14.40 |
| − Vacancy | −$12.5k | −$0.60 |
| EGI | $285.6k | $13.80 |
| − OpEx | −$85.7k | −$4.14 |
| NOI | $199.9k | $9.66 |
20,700 SF · lease $14.40/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.86M
$2.50M – $3.33M
NOI $199,892 @ 7.0% cap · market cap 8.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.33M
$3.79M – $5.06M
NOI $303,326 @ 7.0% cap · market cap 12.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Two street-level retail suites with shared below-grade storage and dock-high loading in a high-traffic Pendleton area.
Where is this storefront property located?
The property is located at 320 SW Emigrant Ave Pendleton, OR.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: 20,700 SF street‑level freestanding retail building in a high‑traffic Pendleton area.; Two demised retail suites: Suite 320 and Suite 336, both with showroom, restrooms, private office, and basement space.; Shared 5,600 SF below‑grade storage space for the two suites.
