Property Details

Lot size

0.09 lot acres

Property size

4,698 SF

Property type

Retail properties & Spaces

Description

This exceptional mixed-use property presents a compelling investment opportunity in Lebanon, Oregon. Located on W Sherman Street, this building boasts 4,698 square feet on a 0.09-acre lot, offering a blend of retail and residential space. The retail area encompasses 1,516 square feet with excellent street visibility, featuring 30 feet of sidewalk frontage. Its strategic location near Main Street ensures high foot traffic and proximity to local amenities such as schools and stores. The building's residential component comprises three well-appointed apartments: a spacious three-bedroom unit (1,315 sq ft), a two-bedroom unit (1,144 sq ft), and a one-bedroom unit (723 sq ft). Each apartment contributes to the property's strong rental income potential. Practical features include a sprinkler system, separately metered electricity and gas for both retail and residential units, and four convenient parking spaces at the rear of the building. The property is currently listed at $495,000 and is being offered as-is. This is a rare chance to acquire a well-maintained, income-generating property in a desirable location. The previous sale attempt failed due to buyer financing issues, presenting a renewed opportunity for a qualified buyer.

Location Insight

City

Lebanon

County

Linn

State

Oregon

Longitude

-122.908

Latitude

44.5391