Two-Unit Highway-Front Retail
255 Southwest 1st Avenue Canby, OR 97013
255 Southwest 1st Avenue, Canby, OR, 97013
Contact for pricing
For Sale
Contact for pricing
Two-suite commercial building fronting Oregon Route 99E with one occupied suite and one vacant suite.
Property Size3,114 SF
Price / SF$305.07
Days on Market22
Property Features for 255 Southwest 1st Avenue
General Information
- Standard status
- Active
- Size
- 3,114 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1990
Listing agency
KW Commercial Portland Premiere
(503) 313-8262
Listed by
Bradley King · License #OR 201235429
Source
Crexi
Added: Jun 30 Updated: Jul 21 at 3:23PM Checked: Jul 21 at 3:23PM
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 KW Commercial Portland Premiere
Investment Insights
Based on property information with market context.
A two-unit commercial building totaling 3,114 square feet on a 0.27-acre parcel, directly fronting First Avenue (Oregon Route 99E). The property is zoned C-2 Highway Commercial and includes two suites: 1,056 square feet is occupied and 2,058 square feet is vacant, providing flexible options for an investor or owner-user.
The building benefits from prominent street frontage and signage exposure along Oregon Route 99E, where roughly 22,000 vehicles pass daily. The surrounding trade area is supported by more than 42,000 residents within five miles, and median household incomes exceeding $98,000 within one mile. Regional access is also convenient with Interstate 5 approximately five miles away and Interstate 205 about nine miles away.
Do not enter the property without an appointment. Appointments are scheduled by calling Bradley at 503-313-8262. For additional buyer information, email [email protected].
The building benefits from prominent street frontage and signage exposure along Oregon Route 99E, where roughly 22,000 vehicles pass daily. The surrounding trade area is supported by more than 42,000 residents within five miles, and median household incomes exceeding $98,000 within one mile. Regional access is also convenient with Interstate 5 approximately five miles away and Interstate 205 about nine miles away.
Do not enter the property without an appointment. Appointments are scheduled by calling Bradley at 503-313-8262. For additional buyer information, email [email protected].
Key Highlights
- 3,114 SF two‑unit commercial building on a 0.27‑acre parcel, fronting First Avenue (Oregon Route 99E)
- One occupied suite (1,056 SF) and one vacant suite (2,058 SF) for dual‑income or owner‑user use
- Zoned C‑2 Highway Commercial with two separate suites for flexible business or leasing options
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 | $66.9k | $21.48 |
| − Vacancy | −$5.0k | −$1.61 |
| EGI | $61.9k | $19.87 |
| − OpEx | −$18.6k | −$5.96 |
| NOI | $43.3k | $13.91 |
3,114 SF · lease $21.48/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$618.7K
$541.4K – $721.8K
NOI $43,310 @ 7.0% cap · market cap 4.56%
Second Best
Office B
$575.9K
$503.9K – $671.8K
NOI $40,310 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$840.5K
$735.5K – $980.6K
NOI $58,838 @ 7.0% cap · market cap 6.19%
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
Similar Off Market Nearby
- Hulbert's Flowers — 334 SE 1st Ave, Canby, OR 97013
- SECRET GARDEN FLORAL — 181 N Grant St UNIT 101, Canby, OR 97013
FAQs
What type of property is this?
Storefront property - Two-suite commercial building fronting Oregon Route 99E with one occupied suite and one vacant suite.
Where is this storefront property located?
The property is located at 255 Southwest 1st Avenue Canby, OR.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 3,114 SF two‑unit commercial building on a 0.27‑acre parcel, fronting First Avenue (Oregon Route 99E); One occupied suite (1,056 SF) and one vacant suite (2,058 SF) for dual‑income or owner‑user use; Zoned C‑2 Highway Commercial with two separate suites for flexible business or leasing options
