Remodeled Church and Activity
480 Greenwood Ave Reedsport, OR 97467
480 Greenwood Ave, Reedsport, OR, 97467
$560,000
For Sale
$560,000
Completely remodeled 4,500-sf facility with ADA accessibility, high ceilings, offices, and a commercial meal service area.
Property Size4,500 SF
Price / SF$124.44
Days on Market250
Property Features for 480 Greenwood Ave
General Information
- Standard status
- Active
- Size
- 4,500 SF
Listing agency
Mal & Seitz Real Estate
(541) 662-0019
Listed by
Elizabeth Adamo · License #201102019
(541) 662-0019
Source
Exprealty
Added: Nov 14, 2025 Updated: Jul 22 at 4:34AM Checked: Jul 22 at 4:34AM
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 Mal & Seitz Real Estate
Investment Insights
Based on property information with market context.
This completely remodeled commercial building is currently used as a church and offers a flexible interior layout. The property includes ADA accessible doors, hallways, and bathrooms, along with high ceilings throughout. The interior features a meal service area with a 3-bay sink and equipment, multiple offices, a library, and additional storage rooms. Two large bathrooms are provided, including one with shower facilities. A large enclosed back porch area offers secure storage, and the building includes security and speaker systems.
The building is located in the heart of Reedsport’s revitalized Old Town and is adjacent to shopping, restaurants, a brewery, a gallery, and a distillery, among other nearby uses.
The floor plan supports both congregation-style activities and food-related operations, with dedicated service space, restroom facilities, and enclosed storage at the rear.
The building is located in the heart of Reedsport’s revitalized Old Town and is adjacent to shopping, restaurants, a brewery, a gallery, and a distillery, among other nearby uses.
The floor plan supports both congregation-style activities and food-related operations, with dedicated service space, restroom facilities, and enclosed storage at the rear.
Key Highlights
- Completely remodeled 4,500‑sf building in Reedsport’s Old Town
- Currently used as a church, with possibilities for many other uses
- ADA accessible doors, hallways, and bathrooms
Local Financial Insights For Industrial
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 | $40.5k | $9.00 |
| − Vacancy | −$1.6k | −$0.35 |
| EGI | $38.9k | $8.65 |
| − OpEx | −$11.7k | −$2.59 |
| NOI | $27.2k | $6.05 |
4,500 SF · lease $9.00/SF/yr · vacancy 3.89% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$778.8K
$681.5K – $908.7K
NOI $54,519 @ 7.0% cap · market cap 9.74%
Second Best
Industrial
$389.2K
$340.6K – $454.1K
NOI $27,247 @ 7.0% cap · market cap 4.87%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Churches & religious facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Church & religious facility - Completely remodeled 4,500-sf facility with ADA accessibility, high ceilings, offices, and a commercial meal service area.
Where is this church & religious facility located?
The property is located at 480 Greenwood Ave Reedsport, OR.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Completely remodeled 4,500‑sf building in Reedsport’s Old Town; Currently used as a church, with possibilities for many other uses; ADA accessible doors, hallways, and bathrooms
