2480 Main RdLebanon, OR 97355

Property Details for 2480 Main Rd

Year built

1977

Lot size

0.51 AC

Property type

Retail properties

Property subtype

Turn key restaurants

APN

12S 02W 15DD 00352

APU

12S02W15DD00352

Description

This exceptional redevelopment opportunity presents a prime commercial property located at 2480 S MAIN Rd Unit 2480, Lebanon, OR. The property boasts excellent visibility and high traffic counts, making it ideal for a variety of commercial ventures. The 0.51-acre lot features a substantial 2,500 square foot slab-on-grade block building, providing ample space for renovation and customization. The building offers significant advantages with its existing infrastructure, including a commercial kitchen hood system, a walk-in cooler, and additional equipment that will be included in the sale. Furthermore, the property includes over 20 off-street parking spaces, ensuring convenient access for customers and employees. The site's easy ingress and egress further enhances its appeal and functionality. This property's strategic location and existing features present a unique opportunity for investors and entrepreneurs seeking a high-impact commercial space in a thriving area. The asking price for this exceptional property is $375,000. Don't miss this chance to acquire a versatile and well-positioned commercial property with significant potential.

• CAP approach

  CAP return

  Valuation

  6%

  $7,707,670

  6.5%

  $7,114,772

  7%

  $6,606,574

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,296,422

  Geo Method

  $14,344,862

• Alternative Use

  Use

  Valuation

  Residential

  $6,001,576

  Hospitality

  $5,497,412

  Educational

  $4,573,782

  Medical

  $4,731,082

  Retail

  $7,114,772

Location Insight

City

Lebanon

County

Linn

State

Oregon

Latitude

44.5224

Longitude

-122.908

CBSA code

10540

CBSA name

ALBANY-LEBANON, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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