934 Kings Blvd Corvallis, OR 97330
This exceptional 27,240 square foot retail property, situated on a 1.94-acre lot, presents a unique investment opportunity. The single-story, Class C building, constructed in 1957, boasts three suites, with 8,784 square feet currently available for lease. The vacant space offers flexibility for various retail concepts, including a private office and stockroom. Its strategic location near Oregon State University and adjacent to Fred Meyer ensures high visibility and foot traffic, supported by a 13,066 ADT count. Ample on-site parking (70 spaces) and convenient public transit access further enhance its appeal. The property is zoned CMSC and features a cross street of Lincoln. The building has no elevators. The asking lease rate is $12.00 per square foot annually, NNN. The property's APN is 093439. This is a rare chance to acquire a well-positioned retail space in a thriving area with significant potential for growth and return on investment. The existing building provides a solid foundation for a variety of retail uses, capitalizing on the high traffic volume and proximity to a major university and established retailer. The substantial vacant space offers significant opportunity for customization and tenant improvements.
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
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.