21028 Highway 99E Aurora, OR 97002
- Commercial real estate
- 2,296 SF
- 0.42 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 21028 Highway 99E
- Year built
- 1970
- Lot size
- 0.42 lot acres
- Property size
- 2,296 SF
- Property type
- Commercial real estate
Description
This exceptional commercial property, located at 21028 NE Highway 99E in Aurora, Oregon, presents a compelling investment opportunity. The property encompasses two updated buildings totaling approximately 2,296 square feet, situated on a 0.42-acre lot. A significant advantage is the approximately 154 feet of frontage along Highway 99E, a major thoroughfare boasting over 7,000 vehicles daily, ensuring high visibility and accessibility for businesses. The existing tenants are secured under automatically renewing leases, providing immediate and consistent cash flow for the investor. This presents an attractive owner-operator potential, allowing for hands-on management and potential for increased profitability. The property benefits from its location within a thriving community, characterized by a strong economic base. Within a one-mile radius, the average household income is $104,000, and the average home value is $623,000, indicating a robust and affluent consumer market. This demographic profile supports a broad base of potential customers for any business operating from this location. The combination of high traffic, stable tenancy, and a desirable location makes this property an excellent choice for investors seeking a reliable and potentially lucrative investment in the Aurora, Oregon market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Aurora
- County
- Marion
- State
- Oregon
- Longitude
- -122.758
- Latitude
- 45.2238
