1725 Kingwood St Florence, OR 97439
- Warehouses
- 20,982 SF
- 0.94 lot acres
Current Use by Public Records
- Digital Dunes Photography / Photo Lab / Portrait Studio
- Waynes Flooring & Tile / Flooring Store
- Aesthetic & Grace / Nail Salon
- Digital Dunes Photo / Curtis Peters Photography / Photographer
- Forefront Electric / Electrician
Property Details for 1725 Kingwood St
- Lot size
- 0.94 lot acres
- Property size
- 20,982 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional value-add industrial investment opportunity in Florence, Oregon, comprises two buildings totaling 20,982 square feet on a 0.94-acre lot. Located at 1725-1735 Kingwood St, this property boasts 12 individual units, each with its own 12' x 14' grade-level door and bathroom. The buildings feature 18' to 22' ceiling heights and offer a mix of warehouse and office space (except for one unit). Currently 91.7% occupied with 10 tenants, the property generates a current NOI of $159,454, representing a 6.13% cap rate. Significant upside potential exists, with a pro-forma NOI of $263,429 and a pro-forma cap rate of 10.13%. The property is zoned for Limited Industrial use and includes 27 parking spaces. This multi-tenant warehouse offers a stable income stream with immediate value-add opportunities due to high demand for small-bay industrial space in Florence. The asking price is $2,600,000, translating to $123.92 per square foot. The lease type is gross.
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
- Florence
- County
- Lane
- State
- Oregon
- Longitude
- -124.109
- Latitude
- 43.9812
