720 NE Granger Ave, Corvallis, OR 97330

Listing office Vanguard Realty Group b***@vanguardproperties.net Show Phone

Listing date Jan 27, 2023

Source Crexi

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Overview

This industrial complex is located outside city limits and comprises 10 buildings, 1 residence, and a storage facility, situated on 22 acres. Approximately 4 acres are zoned Rural Industrial, while 18 acres are zoned EFU, offering room to expand subject to buyer's due diligence and county approval. The property benefits from low taxes due to its location outside city limits. Water is supplied by 2 wells, and bathrooms are served by septic systems, contributing to lower operating expenses. The complex features 240 and 440 3-phase power. Leases vary in terms, averaging about $1.25 per square foot per month. The tenant base is generally stable and long-term. Currently, there are 6 vacant spaces. Rents increase annually. Proforma income is calculated at $1.00 per foot ($12/ft annually), with a 5% vacancy rating and an 8% management fee. Seller carry financing is available with negotiable terms. The seller is motivated and willing to carry at lower than market terms and rates.

Suggested Use

Pharmacy Department Store Accounting Firm Bar & Pub Auto Repair Shop Grocery & Convenience Store Daycare Center Wine and Liquor Store Pet Store Pet Store & Service

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

Location Insight

• Map
• Local Demand

City

Corvallis

County

Benton

State

Oregon

Longitude

-123.2348886

Latitude

44.6285307

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FAQs

What type of property is this?

Industrial property - 22-acre industrial complex with long-term tenants and expansion opportunities.

Where is this industrial property located?

The property is located at 720 NE Granger Ave Corvallis, OR.

What is the asking price?

The asking price for this property is $5,500,000.

What are key features of this property?

This property features: Seller financing available with negotiable terms.; Significant income potential from a multi‑building industrial complex with long‑term tenants and annual rent increases.; Low operating expenses due to location outside city limits (no city taxes, well water, septic systems).