707 Main StLebanon, OR 97355

Property Details for 707 Main St

Year built

1920

Lot size

0.11 AC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

12S 02W 11CB 05500

APU

12S02W11CB05500

Description

This exceptional investment opportunity presents a fully occupied four-unit commercial building ideally situated on a prominent corner lot at the intersection of Main and Sherman Streets in the heart of Lebanon, Oregon. Boasting 4,208 square feet on a 0.21-acre lot, this property offers significant street presence with 208 feet of Main Street frontage. The building features three separate entrances, providing convenient access for each of the four units. Recent upgrades enhance the property's value and efficiency, including a new roof installed in 2020, energy-efficient LED lighting throughout, a completely updated sewer system completed in 2024, and modernized bathrooms. Furthermore, two newer HVAC units ensure optimal climate control for tenants. The property's strong occupancy and recent improvements contribute to an attractive 7.14 cap rate, making it an ideal addition to any investor's portfolio. The private parking lot provides ample space for tenants and visitors. This is a rare opportunity to acquire a well-maintained, high-performing commercial property in a desirable downtown location. The current tenants are in place, and their privacy should be respected

• CAP approach

  CAP return

  Valuation

  6%

  $1,131,065

  6.5%

  $1,044,060

  7%

  $969,484

• Comparable approach

  Method

  Valuation

  Relative Method

  $966,989

  Geo Method

  $1,227,854

• Alternative Use

  Use

  Valuation

  Residential

  $1,294,634

  Hospitality

  $1,185,878

  Educational

  $986,636

  Medical

  $1,020,568

  Retail

  $1,534,768

Location Insight

City

Lebanon

County

Linn

State

Oregon

Latitude

44.539

Longitude

-122.907

CBSA code

10540

CBSA name

ALBANY-LEBANON, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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