31990 Highway 70 Bonanza, OR 97623
This exceptional 2,820-square-foot commercial building is situated on a 0.33-acre lot in the heart of Bonanza, Oregon, directly adjacent to Big Springs Park and the Lost River. The property boasts six generously sized offices, offering ample space for a variety of business uses, with potential for further division. Recent improvements significantly enhance the property's functionality and appeal. These upgrades include a newly paved parking area, a modern concrete front porch, comprehensive electrical system enhancements, efficient central heating and air conditioning, a covered back deck ideal for outdoor use, added insulation for improved energy efficiency, extensive new flooring throughout, a fully installed phone system, and high-speed broadband internet access. The building sits on a prominent Main Street location, offering excellent visibility and accessibility. This property has a rich history, having previously served as a dry goods store, a butcher shop/meat market, and a real estate office, demonstrating its versatility and enduring appeal. The building's size, location, and recent renovations make it an attractive investment opportunity for a wide range of commercial enterprises. The seller is an Oregon Licensed Real Estate Agent. The asking price is $275,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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