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    334 2Nd St Corvallis, OR 97333

    Sponsored
    For Sale
    $695,000

    20,000 SF Vacant Storefront, $695K

    Property size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 20,000 square foot vacant storefront, located at 334 SW 2nd St in Corvallis, Oregon, presents a unique investment opportunity. Previously occupied by Gibb's Furniture, this four-story building boasts a prime location in the heart of Corvallis' bustling downtown business district. The property is situated in a Qualified Opportunity Zone, offering potential tax advantages. Ample parking is available with 12 spaces in the front lot and an additional 29 spaces in the rear, providing convenient access for customers and employees. The total exterior square footage is 20,992 square feet. This NNN-leased property offers significant potential for a variety of retail uses. Its strategic location places it within a half block of the post office, a museum, diverse dining options, and numerous shopping opportunities, ensuring high visibility and foot traffic. The building is currently vacant, allowing for immediate occupancy and customization to suit a new tenant's specific needs. This is a rare chance to acquire a substantial retail space in a thriving Oregon city. The asking price is $695,000. The property's zip code is 97333, and it is located in Benton County.

    Property Features for 334 2Nd St

    General Information

    Property type
    Individual retail properties
    Square Feet
    20,000 SF

    HighLights

    • $695,000 asking price.
    • 20,000 square foot retail storefront in Corvallis, Oregon.
    • Vacant, NNN lease.
    • Located in Corvallis' downtown business district, near amenities.
    • Qualified Opportunity Zone property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -123.2615582
    Latitude
    44.5614975

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    FAQs

    What type of property is this?
    Individual retail property - 20,000 SF Vacant Storefront, $695K
    Where is this individual retail property located?
    The property is located at 334 2Nd St Corvallis, OR.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: $695,000 asking price.; 20,000 square foot retail storefront in Corvallis, Oregon.; Vacant, NNN lease.
    Request Owner's contact information
    334 2Nd St 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
    334 2Nd St Corvallis, OR 97333
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