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Versatile Commercial Property in Florence

1576 12th St, Florence, OR 97439

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For Sale

$565,000

3,457 sq ft commercial building in a prime location.

Property size:

3,457 SF

Lot size:

0.29 Acres

Price / SF:

$163/SF

We can help!

Contact an agent

Justin Young

Real Estate License ID: 201248615

HighLights

Prime central location in the thriving heart of Florence, just off Highway 101.
Spacious 3,457 sq ft building with exceptional potential for various commercial ventures.
Ample on‑site parking and excellent street visibility ideal for high‑traffic business.
Originally constructed and operated as a medical clinic, easily convertible back to medical use with minimal renovation.
Functional layout includes multiple private offices/exam rooms, reception/waiting areas, and ADA‑accessible restrooms.
Located within minutes of local hospitals, shopping centers, and residential neighborhoods.

For Sale

$565,000

3,457 sq ft commercial building in a prime location.

Property size:

3,457 SF

Lot size:

0.29 Acres

Price / SF:

$163/SF

Added:: Jan 15, 2025
Days on Market:: 537
Last Refresh:: Jun 28 at 11:31 pm

Property Features for 1576 12th St

General Information

Standard status: Active
Size: 3,457 SF
Lot size: 0.29 Acres

We can help!

Contact an agent

Justin Young

Listing office Coldwell Banker Coast Real Est

Listing date Jan 15, 2025

Source Exprealty

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 Coast Real Est

HighLights

Prime central location in the thriving heart of Florence, just off Highway 101.
Spacious 3,457 sq ft building with exceptional potential for various commercial ventures.
Ample on‑site parking and excellent street visibility ideal for high‑traffic business.
Originally constructed and operated as a medical clinic, easily convertible back to medical use with minimal renovation.
Functional layout includes multiple private offices/exam rooms, reception/waiting areas, and ADA‑accessible restrooms.
Located within minutes of local hospitals, shopping centers, and residential neighborhoods.

Overview

Located in the heart of Florence, this 3,457 sq ft commercial building presents an opportunity for investors, business owners, or medical professionals. Situated just off Highway 101, the property benefits from a central location, ample on-site parking, and street visibility. Originally constructed and operated as a medical clinic, the building is currently configured as office space, but could transition back to medical use with minimal renovation. The existing floor plan includes multiple private offices or exam rooms, reception and waiting areas, ADA-accessible restrooms, and ample storage. The property is located within minutes of local hospitals, shopping centers, and residential neighborhoods, positioning it to serve the Florence community. The property offers the space and flexibility to accommodate a healthcare practice, professional office, wellness center, or other commercial venture.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$76.7k	$22.20
− Vacancy	−$12.9k	−$3.73
EGI	$63.9k	$18.47
− OpEx	−$16.0k	−$4.62
NOI	$47.9k	$13.85

3,457 SF · lease $22.20/SF/yr · vacancy 16.80% · expense 25.00%

Alternative Uses

Best Use

Office B

$684.1K

$598.6K – $798.2K (±1% cap)

NOI $47,889 @ 7.0% cap · market cap 8.48%

Second Best

Healthcare Medical

$601.9K

$526.7K – $702.2K (±1% cap)

NOI $42,133 @ 7.0% cap · market cap 7.46%

Theoretical Best

Office A

$874.6K

$765.3K – $1.02M (±1% cap)

NOI $61,220 @ 7.0% cap · market cap 10.84%

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

Property Profile Location Intelligence

Current Use by Public Records

Siuslaw Outreach Services Charitable Organization Florence Elderhelp Program Community Center

Suggested Use

Similar Places Nearby

Osburn Veterinary Clinic — 1730 Kingwood St, Florence, OR 97439
Oceanside Veterinary Hospital — 1739 22nd St, Florence, OR 97439

Location Insight

Map
Local Demand

City: Florence
County: Lane
State: Oregon
Longitude: -124.104
Latitude: 43.9771

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For sale
Medical Office Space
OR
Florence
97439
1576 12th St

What type of property is this?

Medical Office Space - 3,457 sq ft commercial building in a prime location.

Where is this medical office space located?

The property is located at 1576 12th St Florence, OR.

What is the asking price?

The asking price for this property is $565,000.

What are key features of this property?

This property features: Prime central location in the thriving heart of Florence, just off Highway 101.; Spacious 3,457 sq ft building with exceptional potential for various commercial ventures.; Ample on‑site parking and excellent street visibility ideal for high‑traffic business.