728 Rice Ave Roseburg, OR 97470
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High-Cap Retail Property, Net Lease
Property size:
1,935 SFProperty Features for 728 Rice Ave
General Information
- Property type
- Individual retail properties
- Square Feet
- 1,935 SF
Building Details
- Year Built
- 1960
- Buildings
- 1
- Stories
- 1
Listing Agency: All-Pro Realty Advisors - Melony Marsh Listing Agent: Melony Marsh, Ccim
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This 1,935 square foot storefront retail building at 728 SE Rice Ave, Roseburg, Oregon, presents a compelling investment opportunity. Boasting a 5.84% cap rate and a net lease with a single tenant, the property offers strong cash flow with a current NOI of $16,057. The building, constructed in 1960, sits on a 3,485 square foot lot and includes three parking spaces. The interior features a beautifully remodeled kitchen and showroom, an updated bathroom with a shower, and new ductless heating and cooling units. Fresh paint throughout enhances the property's appeal. Located in a fantastic location off busy SE Stephens Street, across from the Senior Center, this property enjoys easy access to city services, the downtown business district, and local restaurants. The property is zoned C3 and is currently 100% occupied under a net lease with a remaining term of zero years, but includes two two-year renewal options. The asking price is $275,000, translating to a price per square foot of $0.77. The property's features, location, and strong financial performance make it an attractive addition to any investment portfolio. The APN is R18597.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Howie Dewitt
Artist
Celebration
Event Planning
Location Insight
- Map
- Local Demand
- City
- Roseburg
- County
- Douglas
- State
- Oregon
- Longitude
- -123.3515787
- Latitude
- 43.2011026
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FAQs
What type of property is this?
Individual retail property - High-Cap Retail Property, Net Lease
Where is this individual retail property located?
The property is located at 728 Rice Ave Roseburg, OR.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,935 SF retail building on a 3,485 SF lot in Roseburg, OR.; 5.84% cap rate with a $16,057 NOI.; Net lease with a single tenant; two 2-year renewal options.