347 Myrtle St Sutherlin, OR 97479
- Commercial real estate
- 2,296 SF
- 3.84 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 347 Myrtle St
- Year built
- 1999
- Lot size
- 3.84 lot acres
- Property size
- 2,296 SF
- Property type
- Commercial real estate
- APN
- 25-05W-18DC-00600
- APU
- 2505W18DC00600
Description
This exceptional Sutherlin, Oregon commercial property boasts 7,396 square feet on a 3.84-acre lot with prime I-5 frontage. Its strategic location offers immediate access to the town's first exit, benefiting from nearby developments such as the new Evergreen Medical Center and workforce housing. The property is fully fenced and includes two substantial RV-height shop buildings, a retail center, and an office building. The first shop building is move-in ready, featuring power doors, 50-amp service, air compressor lines, a bathroom, an office area, and an upper mezzanine for extra storage or workspace. The second shop building provides a blank canvas for customization. The shops and retail center are in excellent condition, while the office building requires some renovations. This turnkey opportunity presents a unique chance to establish or expand a business in a thriving location. The property's size and diverse building types offer significant flexibility for various commercial ventures. Attractive owner financing options are available, making this an even more compelling investment. This property is ideal for businesses seeking high visibility and convenient access to major transportation routes. Don't miss this chance to own a substantial commercial property in a growing Oregon community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $660,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $945,000
- 6.5%
- $960,000
- 7%
- $975,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $875,000
- Geo Method
- $980,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $760,000
- Retail
- $920,000
- Mixed-Use
- $1,015,000
- Hospitality
- $845,000
- Educational
- $930,000
- Residential Income
- $1,055,000
- Energy
- $905,000
- Income-Based Land
- $900,000
- Food Service
- $1,030,000
Location Insight
- Map
- Local Demand
- City
- Sutherlin
- County
- Douglas
- State
- Oregon
- Longitude
- -123.336
- Latitude
- 43.3891
- CBSA code
- 40700
- CBSA name
- ROSEBURG, OR MICROPOLITAN STATISTICAL AREA