501 First Ave Culver, OR 97734

Property Details for 501 First Ave

Year built

1946

Lot size

0.66 lot acres

Property size

13,029 SF

Property type

Commercial real estate

Description

This exceptional 13,029 square foot commercial property, located at 501 1st Ave in Culver, Oregon, presents a unique investment opportunity. Situated on a 0.66-acre lot in the heart of Culver, this C1-zoned property boasts a prime location, benefiting from the town's robust growth. Culver's population has seen a 7.05% increase since the last census, with an annual growth rate of 2.3%. The property currently houses a general grocery store and retail space, offering multiple income streams poised for expansion. Its strategic location serves as a gateway to the popular Cove Palisades State Park and Lake Billy Chinook Recreation Area, driving significant seasonal retail activity and catering to a large local demand. This established business, one of the original grocery stores in the area, is ready for a new owner to rebrand and capitalize on Central Oregon's significant expansion and the influx of residents from new housing developments. The property is listed at $1,175,000, with a discount available for cash buyers. The seller is motivated and reviewing all offers. The owner is open to a five-year lease with options, with leasehold improvements paid by the lessee. This presents a compelling opportunity for an innovative entrepreneur to establish or expand their business in a thriving community. Please note that the business should not be disturbed.