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    515 Western Blvd Corvallis, OR 97333

    Sponsored
    For Sale
    $619,000

    Prime 0.16-acre lot, 3,318 SF, seller financing.

    Property size:
    3,318 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.16-acre commercial land parcel presents a compelling redevelopment opportunity in Corvallis, Oregon. Located at 515 SW Western Blvd, 97333, this 3,318 square foot property is situated in the University Neighborhoods Overlay and Avery-Helm Historic District, offering proximity to Oregon State University and the vibrant downtown area. The location benefits from the strong academic and cultural presence of OSU, as well as easy access to the riverfront, diverse dining options, shopping, and parks. This property is being sold AS-IS-WHERE-IS, and presents an ideal site for a multifamily or mixed-use development. Seller financing is available to qualified buyers, making this a strategic investment in a thriving Oregon community. The property's size and location make it a rare and attractive opportunity for those seeking to capitalize on Corvallis's robust growth. This is a chance to create a significant project in a highly desirable area.

    Property Features for 515 Western Blvd

    General Information

    Property type
    Land
    Square Feet
    3,318 SF
    Lot Size
    6,970 SF

    HighLights

    • 0.16‑acre commercial land parcel in Corvallis, OR, ideal for redevelopment.
    • Located at 515 SW Western Blvd, 97333, in the University Neighborhoods Overlay and Avery‑Helm Historic District.
    • 3,318 square foot lot near Oregon State University and downtown Corvallis.
    • AS‑IS‑WHERE‑IS sale with seller financing available.
    • Excellent opportunity for multifamily or mixed‑use development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Corvallis
    County
    Benton
    State
    Oregon
    Longitude
    -123.2657107
    Latitude
    44.5602305

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    FAQs

    What type of property is this?
    Land - Prime 0.16-acre lot, 3,318 SF, seller financing.
    Where is this land located?
    The property is located at 515 Western Blvd Corvallis, OR.
    What is the asking price?
    The asking price for this property is $619,000.
    What are key features of this property?
    This property features: 0.16-acre commercial land parcel in Corvallis, OR, ideal for redevelopment.; Located at 515 SW Western Blvd, 97333, in the University Neighborhoods Overlay and Avery-Helm Historic District.; 3,318 square foot lot near Oregon State University and downtown Corvallis.
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    515 Western Blvd 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
    515 Western Blvd Corvallis, OR 97333
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