Current Use by Public Records
- Office Spaces
Property Details
- Lot size
- 0.21 lot acres
- Property type
- Office Spaces
Description
This exceptional investment opportunity presents a fully occupied, four-unit commercial office building ideally situated on a prominent corner lot in downtown Lebanon, Oregon, at the intersection of Main and Sherman Streets. Boasting 4,208 square feet on a 0.21-acre lot, this property offers significant street visibility with 208 feet of frontage along Main Street, providing ample window display opportunities for tenants. The building features three separate entrances for convenient access to each of the four units. Recent upgrades enhance the property's value and efficiency, including a new roof installed in 2020, energy-efficient LED lighting throughout, a completely updated sewer system completed in 2024, modernized bathrooms, and two newer HVAC units. The property includes a valuable private parking lot, a significant advantage in a bustling downtown area. Currently generating a strong 7.14 cap rate, this building represents a compelling addition to any investor's portfolio. The property is offered at $520,000. Tenants are currently in place, and inquiries should be directed through the listing agent. Do not disturb tenants.
Value Estimations
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AI approach
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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
- -122.909
- Latitude
- 44.5242
