Flexible Storefront
55 S 2nd Street, Central Point, OR 97502
For Sale
$349,000
Commercial Sale, Central Point, OR
Property Size1,073 SF
Lot Size0.03 Acres
Price / SF$325.26
Days on Market88
Property Features for 55 S 2nd Street
General Information
Property type
Property subtype
Zoning description
Parking features
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Home Quest Realty
(541) 774-5503
Listed By:
Arron Waldron · License OR R3519
(541) 951-5081
Added: Aug 18
Changed: Oct 31
Last Checked: Nov 13 at 6:06AM
MLS# 220227223
Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,073-square-foot storefront building offers a flexible commercial layout for a new business concept. The property is zoned General Commercial (GC), and the available space is described as adaptable for retail, professional office, boutique service, or specialty use. Block construction, concrete flooring, electric heat, and wall or window cooling units are in place.
The property is located at 55 S 2nd Street in Central Point, directly across from a grocery store and near established boutique shopping destinations. On-street parking serves the site. Public water and public sewer are available, with a membrane roof completing the building improvements.
The property is located at 55 S 2nd Street in Central Point, directly across from a grocery store and near established boutique shopping destinations. On-street parking serves the site. Public water and public sewer are available, with a membrane roof completing the building improvements.
Key Highlights
- 1,073 SF storefront building in Central Point
- General Commercial (GC) zoning
- Directly across from a grocery store
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,845
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,900
$296.9K
Cap Rate 7%
$212,071
$212.1K
Cap Rate 9%
$164,944
$164.9K
Market Conditions
NOI Build-Up for 1,073 SF
Gross rent
$23.2K $21.60/SF
− Vacancy
−$2.0K −$1.84/SF
EGI
$21.2K $19.76/SF
− OpEx
−$6.4K −$5.93/SF
NOI
$14.8K $13.83/SF
Area
Jackson County, OR
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,900
Cap Rate 7%
$212,071
Cap Rate 9%
$164,944
Alternative Uses
Best Use
Retail
$212.1K
$185.6K – $247.4K
NOI $14,845 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$259.0K
$226.6K – $302.2K
NOI $18,129 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
710
Businesses Nearby
155k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 55%
Dining 33%
Groceries 10%
Electronics 1%
McDonald's
Dining
31,427 visits/mo
0.3 miles
Chevron
Shops & Services
22,006 visits/mo
0.4 miles
Dollar Tree
Shops & Services
21,038 visits/mo
0.4 miles
Ray's Food Place
Groceries
15,279 visits/mo
0.1 miles
7-Eleven
Shops & Services
8,849 visits/mo
0.3 miles
Demographics for 97502, OR
29,558
Population
11,717
Households
2.5
Avg Household Size
43
Median Age
21%
College-Educated
89%
High-School Grad
82.1 sq mi
ZIP Area
360
Density / Sq Mi
$79,146
Median Household Income
$42,667
Median Earnings
$1,245
Median Rent
$374,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Jackson County, OR
Properties on Market for Storefront properties in Jackson County
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Albertsons Floral — 1360 Plaza Blvd, Central Point, OR 97502
Frequently Asked Questions
What type of property is this?
Storefront property - Blank-canvas commercial space suited to retail, professional office, boutique service, or specialty business use.
Where is this storefront property located?
The property is located at 55 S 2nd Street Central Point, OR.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 1,073 SF storefront building in Central Point; General Commercial (GC) zoning; Directly across from a grocery store
