Monmouth St Independence, OR 97351
- Office Properties & Spaces
- 0.04 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for Monmouth St
- Lot size
- 0.04 lot acres
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity presents two meticulously renovated historic buildings situated on a single 0.04-acre lot in the charming river town of Independence, Oregon. Located at 148 and 158 Monmouth Street, these properties offer a unique blend of historical charm and modern functionality. Recent renovations have been completed with a keen focus on preserving the historical integrity of the structures while incorporating contemporary upgrades. Currently operating as a multi-tenant investment property, both buildings are 100% leased to two separate tenants, providing immediate and consistent cash flow. This presents a strong return on investment for a savvy buyer. The property's prime location in the historic district of Independence ensures high visibility and accessibility. The buildings are ideally suited for an owner-user seeking a unique and established business location, or for an investor looking for a stable, multi-tenant income stream. This offering presents a rare chance to acquire a piece of Independence's rich history while capitalizing on a thriving commercial market. The property may be purchased individually or in conjunction with the adjacent Taylor's Fountain Building (see separate listing for 296 S. Main Street). The asking price for this remarkable property is $495,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Independence
- County
- Polk
- State
- Oregon
- Longitude
- -123.185
- Latitude
- 44.8512
