17308 Highway 99EHubbard, OR 97032

Property Details for 17308 Highway 99E

Year built

1978

Lot size

1.77 AC

Property size (Sq ft)

8,148 SF

Zone code

EFU

Property type

Other commercial real estate

Property subtype

Showrooms

APN

051W04 00400

APU

051W0400400

Description

This exceptional commercial property, located at 17308 Highway 99E, Unit 17308 in Hubbard, Oregon, presents a unique investment opportunity. Boasting 5,140 square feet of building space situated on a 1.77-acre lot, this property offers significant frontage on Highway 99E, measuring 200 feet. Its strategic location between Portland International Airport (PDX) and Salem provides excellent accessibility and high visibility. Established as a thriving auto salvage yard since the mid-1960s, the property includes two warehouses, a well-equipped mechanic shop featuring a hydraulic lift, a retail storefront, and a dedicated tow yard. The property is fully secured by a high-voltage fence, ensuring safety and security. The current business and inventory will be liquidated by the sellers prior to closing

• CAP approach

  CAP return

  Valuation

  6%

  $2,188,038

  6.5%

  $2,019,728

  7%

  $1,875,461

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,283,335

  Geo Method

  $3,954,238

• Alternative Use

  Use

  Valuation

  Residential

  $1,703,716

  Hospitality

  $1,560,595

  Educational

  $1,298,396

  Medical

  $1,343,050

  Retail

  $2,019,728

Location Insight

City

Hubbard

County

Marion

State

Oregon

Latitude

45.17

Longitude

-122.814

CBSA code

41420

CBSA name

SALEM, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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