Main Street Commercial Spaces For Sale

513 Main St, Klamath Falls, OR 97601

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For Sale

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Two commercial spaces in seismically improved building on Main Street.

Type:Hospitality, Office, Retail

Property size:

3,325 SF

Price / SF:

$148/SF

HighLights

Strategic Main Street location in Klamath Falls.
Two separate commercial spaces in one seismically improved building.
Currently generating income with month‑to‑month leases from two businesses.
Suite 101 (1800 SF) features a reception lobby, 3 workstations, 2 private offices, kitchen, and breakroom.
Suite 100 (1200 SF) is a fully operational Fro‑Yo business with a licensed kitchen and seating.
Geothermal sidewalks and public parking in the rear.

We can help!

Contact an agent

Stacy Ellingson

For Sale

Contact for pricing

Two commercial spaces in seismically improved building on Main Street.

Type:Hospitality, Office, Retail

Property size:

3,325 SF

Price / SF:

$148/SF

Added:: Aug 13, 2024
Days on Market:: 694
Last Refresh:: Jul 4 at 3:03 pm

Property Features for 513 Main St

General Information

Standard status: Active
Size: 3,325 SF
Property subtype: Hospitality, Office, Retail

We can help!

Contact an agent

Stacy Ellingson

Listing office Fisher Nicholson Realty, LLC

Listing date Aug 13, 2024

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Fisher Nicholson Realty, LLC

HighLights

Strategic Main Street location in Klamath Falls.
Two separate commercial spaces in one seismically improved building.
Currently generating income with month‑to‑month leases from two businesses.
Suite 101 (1800 SF) features a reception lobby, 3 workstations, 2 private offices, kitchen, and breakroom.
Suite 100 (1200 SF) is a fully operational Fro‑Yo business with a licensed kitchen and seating.
Geothermal sidewalks and public parking in the rear.

Overview

This property features two commercial spaces within a seismically improved building. The location is on Main Street in Klamath Falls. The property is suitable for investors or entrepreneurs. One space, Suite 101, is 1800 square feet and includes a reception lobby, three workstations, two private offices, and a kitchen and breakroom. This space is currently occupied by JM Solutions under a month-to-month lease. The other space, Suite 100, is 1200 square feet and is occupied by Lighthouse Yogurt Company, also under a month-to-month lease. This gourmet frozen yogurt service operates year-round and includes seating for fifteen customers and a licensed kitchen. The building features geothermal sidewalks in front and public parking in the rear. The total property size is 3325 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$55.9k	$16.80
− Vacancy	−$11.2k	−$3.36
EGI	$44.7k	$13.44
− OpEx	−$11.2k	−$3.36
NOI	$33.5k	$10.08

3,325 SF · lease $16.80/SF/yr · vacancy 20.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$478.8K

$419.0K – $558.6K (±1% cap)

NOI $33,516 @ 7.0% cap · market cap 6.77%

Second Best

Specialty Retail

$466.1K

$407.8K – $543.7K (±1% cap)

NOI $32,624 @ 7.0% cap · market cap 6.59%

Theoretical Best

Office A

$679.6K

$594.7K – $792.9K (±1% cap)

NOI $47,574 @ 7.0% cap · market cap 9.61%

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

Property Profile Location Intelligence

Current Use by Public Records

Lighthouse Yogurt Company Bakery J M Solutions ... Tax Preparation

Suggested Use

Location Insight

Map
Local Demand

City: Klamath Falls
County: Klamath
State: Oregon
Longitude: -121.78332
Latitude: 42.224451

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What type of property is this?

Storefront property - Two commercial spaces in seismically improved building on Main Street.

Where is this storefront property located?

The property is located at 513 Main St Klamath Falls, OR.

What is the asking price?

The asking price for this property is $495,000.

What are key features of this property?

This property features: Strategic Main Street location in Klamath Falls.; Two separate commercial spaces in one seismically improved building.; Currently generating income with month‑to‑month leases from two businesses.