48005 Highway 58 Oakridge, OR 97463
- Commercial real estate
- 0.19 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 48005 Highway 58
- Lot size
- 0.19 lot acres
- Zone code
- C3-HWY COMM DIST
- Property type
- Commercial real estate
- APN
- 21-35-16-32-01700-000
- APU
- 2135163201700000
Description
This exceptional commercial property, located at 48005 HIGHWAY 58 in Oakridge, Oregon, presents a unique investment opportunity. The 1,500 square foot building sits on a 0.19-acre lot and is currently occupied by a thriving Thai restaurant, providing immediate cash flow potential for the new owner. The property benefits from a recently replaced rubber roof, ensuring long-term durability and minimizing maintenance costs. The building's location in the scenic mountain setting of Oakridge offers a desirable atmosphere for both the current tenant and future occupants. This presents a strong opportunity for investors seeking a stable, income-generating asset in a picturesque location. The property's size and existing tenant make it an attractive proposition for those looking for a turnkey investment with minimal initial effort required. The building's solid construction and recent roof replacement contribute to its overall value and longevity. The current tenant's success demonstrates the viability of the location and the potential for continued profitability. This is an excellent chance to acquire a well-maintained commercial property in a sought-after area, offering both immediate income and long-term growth potential. The combination of a stable tenant, a recently updated roof, and a desirable location makes this a compelling investment opportunity. Serious inquiries are encouraged to explore this promising commercial venture further.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $100,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $105,000
- 6.5%
- $100,000
- 7%
- $110,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $105,000
- Geo Method
- $110,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $105,000
- Retail
- $110,000
- Mixed-Use
- $95,000
- Hospitality
- $95,000
- Educational
- $105,000
- Residential Income
- $85,000
- Energy
- $95,000
- Income-Based Land
- $100,000
- Food Service
- $80,000
Location Insight
- Map
- Local Demand
- City
- Oakridge
- County
- Lane
- State
- Oregon
- Longitude
- -122.469
- Latitude
- 43.7454
- CBSA code
- 21660
- CBSA name
- EUGENE-SPRINGFIELD, OR METROPOLITAN STATISTICAL AREA