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    316 2Nd St Corvallis, OR 97333

    Sponsored
    For Lease
    $6 SF/Yr ($4,174 /Mo)

    Prime 7,590 SF Retail/Office Building

    Lot size:
    7,590 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional three-story building, totaling 7,590 square feet, presents a unique opportunity in Corvallis' vibrant downtown business district. Situated on a 0.06-acre lot at 316 SW 2nd Street (cross street: SW 2nd Street), this single-tenant property boasts a prime location, offering unparalleled visibility on two streets. Built in 1913, the building features high ceilings and ample parking with 41 spaces available for customers, including free 3-hour parking both in front and behind the building. The first floor has been fully remodeled and includes an ADA-compliant restroom. The second floor, previously used as office space, also offers an ADA-compliant restroom. Its proximity to the post office, museum, restaurants, and hotels ensures high foot traffic and convenient access for both employees and customers. The property is located in Benton County. The annual property taxes are $4,579.04 per square foot. Tenants are responsible for their own insurance. This is an exceptional opportunity for a business seeking a prominent location in a thriving downtown area. The building's versatile layout is suitable for a variety of retail or office uses. Contact us today to learn more about this remarkable property.

    Property Features for 316 2Nd St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,590 SF
    Total Rate
    4174.5

    Building Details

    Year Built
    1913
    Stories
    3

    Unit(s) available at that property

    Space
    Size
    7,590 SF
    Rate per SF
    $6

    HighLights

    • 7,590 SF retail/office building for lease in Corvallis, OR.
    • Single‑tenant occupancy; fully vacant.
    • Located in the heart of downtown Corvallis, near the post office, museum, restaurants, and hotels.
    • Three‑story building, built in 1913, with 41 parking spaces.
    • First floor fully remodeled with high ceilings and ADA restroom; second floor previously used as office space, also with ADA restroom.
    • High visibility on SW 2nd and 3rd Streets; 0.06‑acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Yadda Yadda Design ... Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Corvallis
    County
    Benton
    State
    Oregon
    Longitude
    -123.2614314
    Latitude
    44.5618016

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    FAQs

    What type of property is this?
    Retail property - Prime 7,590 SF Retail/Office Building
    Where is this retail property located?
    The property is located at 316 2Nd St Corvallis, OR.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: 7,590 SF retail/office building for lease in Corvallis, OR.; Single-tenant occupancy; fully vacant.; Located in the heart of downtown Corvallis, near the post office, museum, restaurants, and hotels.
    Request Owner's contact information
    316 2Nd St 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
    316 2Nd St Corvallis, OR 97333
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