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    352 2Nd St Pendleton, OR 97801

    Sponsored
    For Sale
    $499,000

    Unique Commercial Property, $499,000

    Property size:
    16,933 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 352 SE 2nd St in Pendleton, Oregon, presents a rare investment opportunity. The historic First Methodist Church building boasts 16,993+ square feet of unique stone construction, situated on a 0.23-acre lot in the heart of downtown. The property includes two additional tax lots providing paved parking, adding significant value and convenience. Its prime location offers unparalleled visibility and accessibility. The expansive interior space lends itself to a multitude of creative conversions, making it ideal for a diverse range of commercial ventures. Potential uses include, but are not limited to, an events center, office spaces, brew pub, bar, restaurant, or vacation rental. This is a truly unique property with significant potential for a savvy investor. The seller is willing to offer financing to a qualified buyer. This is a chance to acquire a piece of Pendleton's history and transform it into a thriving commercial enterprise. The property is zoned for commercial use and is ready for its next chapter. Don't miss this opportunity to own a landmark building in a vibrant Oregon city.

    Property Features for 352 2Nd St

    General Information

    Property type
    Land
    Square Feet
    16,933 SF
    Lot Size
    10,019 SF

    HighLights

    • $499,000 asking price.
    • 16,933 square foot building on a 0.23‑acre lot.
    • Located in downtown Pendleton, Oregon.
    • Historic stone building, previously a Methodist Church.
    • Potential for adaptive reuse as an events center, offices, restaurant, or other commercial use.
    • Seller financing available to qualified buyers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office 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
    Pendleton
    County
    Umatilla
    State
    Oregon
    Longitude
    -118.7841709
    Latitude
    45.6715371

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    FAQs

    What type of property is this?
    Land - Unique Commercial Property, $499,000
    Where is this land located?
    The property is located at 352 2Nd St Pendleton, OR.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: $499,000 asking price.; 16,933 square foot building on a 0.23-acre lot.; Located in downtown Pendleton, Oregon.
    Request Owner's contact information
    352 2Nd St Pendleton, OR 97801
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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
    352 2Nd St Pendleton, OR 97801
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