Highway 99 Corvallis, OR 97330
This unique commercial property presents a compelling investment opportunity in Corvallis, Oregon. Located on NW Highway 99, this 1.32-acre lot boasts high traffic visibility and is zoned Rural Commercial with an overlay permitting a skating rink and dance hall, among other possibilities. The existing 6,400 square foot building offers significant potential for redevelopment or repurposing. The building features a matching 6,400 square foot unfinished basement, providing ample space for expansion or storage. The property's previous use as a roller-skating rink provides a solid foundation for a variety of businesses. A significant upgrade was completed in 2023 with the installation of a brand-new commercial roof. The property is conveniently located just five minutes from downtown Corvallis, offering easy access to amenities and a thriving community. Note that the property shares a well and is being sold "As Is." Bring your vision and entrepreneurial spirit to transform this property into a thriving business. The seller is open to considering carry financing, making this an even more attractive proposition for qualified buyers. This is a rare chance to acquire a substantial property in a desirable location with significant upside potential. Don't miss this opportunity to own a piece of Corvallis's vibrant commercial landscape.
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
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.