Property profile

14802 Or-38 Elkton, OR 97436

OFF-MARKET
Land
0.23 ac lot
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Property summary

AI-generated overview

This exceptional 0.23-acre commercial land parcel presents a remarkable opportunity in Elkton, Oregon. Situated on Highway 38, this property boasts excellent visibility and accessibility, making it ideal for a variety of businesses. The lot is flat and usable, with all city services conveniently located within the property lines. Previous site improvements have already been completed, with the removal of a former grocery store having been paid for by the seller. The City of Elkton has confirmed that no System Development Charges will be levied on the new owner. A functioning septic system is in place, along with a city sewer hookup (Sewer Step System). The C-1 zoning allows for a wide range of commercial uses, including office, retail, and service businesses. Potential uses could include a mini-mart, auto repair shop, professional office, coffee kiosk, fast-food kiosk, nursery, or automotive sales and repair facility. This "shovel-ready" site is perfectly positioned for immediate development, offering a unique chance to establish a thriving business in a desirable location. The property's APN is R19187. The asking price is $375,000.

Property profile

Verified
Property type Land
Lot 0.23 ac (10,019 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

14802 Or-38 Elkton, OR 97436
Elkton metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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