Property summary
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.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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