Lebanon, OR 97355
- Retail properties
- 4,698 SF
- 0.09 lot acres
Current Use by Public Records
- Retail properties
Property Details
- Lot size
- 0.09 lot acres
- Property size
- 4,698 SF
- Property type
- Retail properties
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lebanon
- County
- Linn
- State
- Oregon
- Longitude
- -122.908
- Latitude
- 44.5391
