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    448 Oregon St Ontario, OR 97914

    Sponsored
    For Sale
    $1,650,000

    2.02-acre lot, 24,640 SF, $1,650,000

    Property size:
    24,640 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property in Ontario, Oregon, presents a unique investment opportunity. Situated on a 2.02-acre lot at 448 N Oregon Street, 97914, this special-purpose property boasts a substantial 24,640 square feet of space. The main level comprises four rental units totaling 12,000 square feet, each with an 8-foot walkway at the rear. A lower level, accessible via a large ramp with a 9'4" clearance, offers an additional 12,000 square feet, ideal for various uses, described as a "man cave." An upper-level small office area adds approximately 640 square feet of usable space. The property also features a paved parking lot with six overhead lights and 182 parking spaces, including four handicap-accessible spaces. Built in 1947, this property is offered at $1,650,000. Financing terms may include a $500,000 down payment, with the balance at 5% interest amortized over 10 years, or a term agreeable to the buyer, culminating in a balloon payment due in 10 years. This versatile property is ready for your vision and offers significant potential for a strong return on investment.

    Property Features for 448 Oregon St

    General Information

    Property type
    Land
    Square Feet
    24,640 SF
    Lot Size
    87,991 SF

    Building Details

    Year Built
    1947

    HighLights

    • $1,650,000 asking price.
    • 2.02‑acre lot with 24,640 square feet of building area.
    • Special purpose commercial property located at 448 N Oregon Street, Ontario, OR 97914.
    • Built in 1947.
    • Includes four rental units totaling 12,000 square feet, a 12,000 square foot lower level, and a 640 square foot upper level office.
    • Features 182 paved parking spaces, including 4 handicap‑accessible spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Ontario
    County
    Malheur
    State
    Oregon
    Longitude
    -116.9604598
    Latitude
    44.0303318

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    FAQs

    What type of property is this?
    Land - 2.02-acre lot, 24,640 SF, $1,650,000
    Where is this land located?
    The property is located at 448 Oregon St Ontario, OR.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: $1,650,000 asking price.; 2.02-acre lot with 24,640 square feet of building area.; Special purpose commercial property located at 448 N Oregon Street, Ontario, OR 97914.
    Request Owner's contact information
    448 Oregon St Ontario, OR 97914
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    Ontario, OR 97914
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    448 Oregon St Ontario, OR 97914
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