321 Highway 20Toledo, OR 97391

Property Details for 321 Highway 20

Year built

1977

Lot size

0.13 AC

Property size (Sq ft)

1,430 SF

Zone code

C;COMMERCIAL

Property type

Retail properties

Property subtype

Retail space

APN

11-10-17-BA-01700-00

APU

111017BA0170000

Description

This versatile commercial property, located at 321 NE Hwy 20 in Toledo, Oregon, presents a unique investment opportunity. The 1,430 square foot building, constructed in 1977, sits on a 5,662.8 square foot lot and offers excellent highway frontage visibility on the Hwy 20 Business Loop. The interior features multiple offices, a file room, a break room, a welcoming front entry area, and two half-bathrooms. The building benefits from ample parking directly in front. A centrally located ductless heat pump system provides efficient heating and cooling. This property's strategic location offers significant advantages, situated directly across the street from the future Toledo City Hall, ensuring high visibility and convenient access. The asking price for this multi-use building is $249,000. The property's classification includes Land, Office, Commercial, Traditional Office, and Specialty Services, making it suitable for a variety of business types. Its prime location and functional layout make it an attractive option for businesses seeking a well-established presence in Toledo, Oregon. The zip code is 97391.

• CAP approach

  CAP return

  Valuation

  6%

  $386,183

  6.5%

  $356,476

  7%

  $331,014

• Comparable approach

  Method

  Valuation

  Relative Method

  $567,582

  Geo Method

  $923,350

• Alternative Use

  Use

  Valuation

  Residential

  $300,701

  Hospitality

  $275,440

  Educational

  $229,163

  Medical

  $237,045

  Retail

  $356,476

Location Insight

City

Toledo

County

Lincoln

State

Oregon

Latitude

44.6217

Longitude

-123.934

CBSA code

35440

CBSA name

NEWPORT, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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