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    403 Deschutes Ave Maupin, OR 97037

    Sponsored
    For Sale
    $749,000

    Established Retail Space, High Visibility

    Property size:
    4,530 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 4,530-square-foot storefront located at 403 Deschutes Ave, Maupin, Oregon 97037. Currently operating as a hardware store, this single-tenant property sits on a 10,000-square-foot lot and boasts a prime location on Oregon Highway 197, a major commercial thoroughfare. The building, constructed in 1954, features a brick facade, attractive picture windows, and ample parking. The property is zoned for General Commercial use, offering a wide range of potential applications. A modified lease is in place with a remaining term of approximately 2.6 years (expiring July 1, 2027), including annual rent bumps of 3%. Public utilities are readily available. The sale includes the existing hardware store inventory and the current tenant's lease. A seven-year inventory note is also included. The seller is open to discussing various contract terms. This property presents a rare chance to acquire a well-established business and building in a thriving community situated along the Lower Deschutes River in Wasco County. The strong location and existing tenant provide immediate cash flow, making this an attractive investment for both seasoned and new investors.

    Property Features for 403 Deschutes Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,530 SF

    Building Details

    Year Built
    1954
    Buildings
    1
    Stories
    1

    HighLights

    • 4,530 SF storefront on a 10,000 SF lot at 403 Deschutes Ave, Maupin, OR.
    • Located on Highway 197, a major commercial thoroughfare.
    • Brick building with picture windows and ample parking.
    • General Commercial zoning.
    • Existing 2.6‑year lease (expiring July 1, 2027) with 3% annual rent increases; includes inventory and seven‑year inventory note.
    Property Profile Location Intelligence

    Current Use by Public Records

    Maupin Hdwe Service ... Hardware Store Maupin Country Store ... Hardware Store

    Suggested Use

    Realty agency Hair Salon Auto Repair Shop Gym & Fitness Storage Facility Building Supply Grocery Store Convenience Store Nursing Home Assisted Living Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Maupin
    County
    Wasco
    State
    Oregon
    Longitude
    -121.0797116
    Latitude
    45.1755268

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    Nearby Similar for Sale

    • $1,200,000
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      Maupin Riverfront Business Opportunity

      Turnkey Rafting & Retail Business on Deschutes River
      501 197 Hwy, Maupin, OR 97037
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      View Details

    FAQs

    What type of property is this?
    Individual retail property - Established Retail Space, High Visibility
    Where is this individual retail property located?
    The property is located at 403 Deschutes Ave Maupin, OR.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: 4,530 SF storefront on a 10,000 SF lot at 403 Deschutes Ave, Maupin, OR.; Located on Highway 197, a major commercial thoroughfare.; Brick building with picture windows and ample parking.
    Request Owner's contact information
    403 Deschutes Ave Maupin, OR 97037
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    Maupin, OR 97037
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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
    403 Deschutes Ave Maupin, OR 97037
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