14802 Or-38, Elkton, OR 97436
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.