401 Main StFalls City, OR 97344

Property Details for 401 Main St

Year built

1939

Lot size

0.20 AC

Property size (Sq ft)

1,823 SF

Zone code

CRS

Property type

Retail properties

Property subtype

Retail space

APN

08621-BC-01401

APU

08621BC01401

Description

This 1,823 square foot commercial property, located at 401 N Main St in Falls City, Oregon, presents a unique investment opportunity. Built in 1939, this single-story building sits on a 0.2-acre lot and is zoned Falls City CR, offering flexibility for various uses. Currently operating as Frink's General Store, the property features ample natural light, a convenient bathroom, and ample parking. The building's mixed-use zoning allows for a convenience store, grocery store, or quick-service restaurant (QSR), making it ideal for owner-users. The property is offered at $260,000 and includes one building with one unit. Its prime location in Falls City, Oregon (zip code 97344), ensures high visibility and accessibility. The property's APN is 295361, and ownership is held under joint tenancy. This is a rare chance to acquire a well-established commercial space with significant potential in a thriving Oregon community. The property's history and established presence make it an attractive investment for those seeking a turnkey operation or a platform for future expansion. Don't miss this chance to own a piece of Falls City's commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $492,315

  6.5%

  $454,445

  7%

  $421,984

• Comparable approach

  Method

  Valuation

  Relative Method

  $723,567

  Geo Method

  $1,177,110

• Alternative Use

  Use

  Valuation

  Residential

  $383,341

  Hospitality

  $351,138

  Educational

  $292,143

  Medical

  $302,190

  Retail

  $454,445

Location Insight

City

Falls City

County

Polk

State

Oregon

Latitude

44.8659

Longitude

-123.435

CBSA code

41420

CBSA name

SALEM, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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