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    320 2Nd St Corvallis, OR 97333

    Sponsored
    For Lease
    $8 SF/Yr ($3,381 /Mo)

    Prime Downtown Corvallis Gym/Retail

    Lot size:
    4,696 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4,696 square foot retail space, situated at 320 SW 2nd Street in Corvallis, Oregon, presents a unique investment opportunity. Built in 1924 and boasting three stories, this single-tenant property offers a fully remodeled interior with a spectacular high-ceiling entry. The layout includes 2,518 square feet on the first floor, 1,250 square feet on the second floor, 400 square feet on a lower level, and a 500 square foot mezzanine. The property benefits from forced air heating and cooling, and two ADA-compliant restrooms. Its prominent location provides excellent visibility on SW 2nd and 3rd Streets, placing it within half a block of the post office, museum, restaurants, hotels, and shopping. Ample parking is available with 41 spaces, including three hours of free customer parking both in front and behind the building. The property sits on a 0.06-acre lot and the annual property taxes are $4,100.63 per square foot. The previous rent was $2,350 per month before taxes. This versatile space is ideal for a variety of uses, including a gym, personal training studio, massage therapy center, or medical spa. The property's prime location and attractive features make it an excellent investment opportunity in the thriving Corvallis market.

    Property Features for 320 2Nd St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,696 SF
    Total Rate
    3381.12

    Building Details

    Year Built
    1924
    Stories
    3

    Unit(s) available at that property

    Space
    Size
    4,400 SF
    Rate per SF
    $8

    HighLights

    • 4,696 SF retail space at 320 SW 2nd Street, Corvallis, OR.
    • Three‑story, single‑tenant building with a fully remodeled interior.
    • Layout includes 2,518 SF (1st floor), 1,250 SF (2nd floor), 400 SF (lower level), and 500 SF mezzanine.
    • Forced air HVAC and two ADA‑compliant restrooms.
    • Excellent visibility on SW 2nd & 3rd Streets, near amenities.
    • 41 parking spaces with 3 hours free customer parking.
    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 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
    -123.2614063
    Latitude
    44.5617291

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    FAQs

    What type of property is this?
    Retail property - Prime Downtown Corvallis Gym/Retail
    Where is this retail property located?
    The property is located at 320 2Nd St Corvallis, OR.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: 4,696 SF retail space at 320 SW 2nd Street, Corvallis, OR.; Three-story, single-tenant building with a fully remodeled interior.; Layout includes 2,518 SF (1st floor), 1,250 SF (2nd floor), 400 SF (lower level), and 500 SF mezzanine.
    Request Owner's contact information
    320 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
    320 2Nd St Corvallis, OR 97333
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