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    250-266 Cummings Ave Corvallis, OR 97333

    Sponsored
    For Sale
    $1,700,000

    4.66 Acres, Mixed-Use Zoning, $1.7M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4.66-acre commercial land parcel, located at 250-266 Southwest Cummings Avenue in Corvallis, Oregon (zip code 97333), presents a unique investment opportunity. Zoned for Mixed Use Employment (MUE), this property offers significant development potential. Its strategic location in South Corvallis provides convenient access to Oregon Highway 99W, a major transportation artery connecting to the city center. The site benefits from its proximity to commercial businesses to the east and residential areas to the west, ensuring a diverse and vibrant surrounding environment. Easy access to key thoroughfares like Corvallis-Lebanon Highway 210 and Philomath Boulevard, along with nearby shopping, dining, and entertainment venues, further enhances its appeal. The property's substantial size and flexible zoning make it suitable for a wide range of commercial developments, catering to diverse business needs. This is an exceptional opportunity to acquire a well-situated, sizable land parcel in a thriving Oregon community. The asking price for this remarkable property is $1,700,000. Detailed zoning information and development possibilities are available upon request. Don't miss this chance to secure a prime piece of Corvallis real estate.

    Property Features for 250-266 Cummings Ave

    General Information

    Property type
    Multifamily properties
    Lot Size
    202,990 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Corvallis
    County
    Benton
    State
    Oregon
    Longitude
    -123.2676387
    Latitude
    44.5489004

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    FAQs

    What type of property is this?
    Multifamily property - 4.66 Acres, Mixed-Use Zoning, $1.7M
    Where is this multifamily property located?
    The property is located at 250-266 Cummings Ave Corvallis, OR.
    What is the asking price?
    The asking price for this property is $1,700,000.
    Request Owner's contact information
    250-266 Cummings Ave Corvallis, OR 97333
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    Corvallis, OR 97333
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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
    250-266 Cummings Ave Corvallis, OR 97333
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