1318 9th St Ste, Unit 100 Corvallis, OR 97330-4565

Property Details for 1318 9th St Ste

Year built

1998

Lot size

0.47 lot acres

Property size

7,580 SF

Zone code

CMU-2

Property type

Retail space

APN

11526DC02900

APU

11526DC02900

Description

This exceptional 7,721 square foot Class A office building, located at 1318 NW 9th Street in Corvallis, Oregon, presents a unique owner-user opportunity. Built in 1998 and renovated in 2022, the property boasts a prime location on a high-traffic commercial artery, offering excellent visibility and signage opportunities. Currently housing two tenants, generating a pro-forma NOI of $140,107 and a 7.01% cap rate, this investment provides immediate income while offering significant expansion potential. The available 3,411 square foot end-cap suite (Suite 100) comprises approximately 44% of the building, ideal for an owner-occupier. This versatile space features at least eight offices, a conference room, waiting room, a large demisable area with a sink, a break room/kitchenette, and a bathroom. The property sits on a 0.47-acre lot, zoned CMU-2, allowing for a wide range of commercial uses. Its proximity to Oregon State University (OSU) further enhances its appeal, benefiting from the strong demand in this vibrant market. The asking price is $1,999,000, with a price per square foot of $258.90. Additional space is also available for lease. This property offers a compelling blend of immediate income, long-term growth potential, and a strategic location in a thriving Oregon community. The property is conveniently located at a Corvallis Transit System stop.

Location Insight

City

Corvallis

County

Benton

State

Oregon

Longitude

-123.261

Latitude

44.5787

CBSA code

18700

CBSA name

CORVALLIS, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments