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    OFF-MARKET
    Office Spaces

    Monmouth St, Independence, OR 97351

    0.04 ac lot
    Property ID
    Property summary
    AI-generated overview

    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
    Verified
    Property type Office Spaces
    Lot 0.04 ac (1,742 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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