112 1St AveChiloquin, OR 97624

Property Details for 112 1St Ave

Lot size

0.10 AC

Property size (Sq ft)

3,600 SF

Zone code

C

Property type

Retail properties

Property subtype

Retail space

APN

R-3407-034DC-04100-000

APU

R3407034DC04100000

Description

This exceptional 3,600 square foot commercial building in Chiloquin, Oregon, presents a unique investment opportunity. The property boasts a thriving, established self-serve laundromat occupying approximately 1,200 square feet. The laundromat is equipped with ten Speed Queen washers (three 20 lb, two 60 lb, and five 40 lb capacity) and ten Speed Queen dryers (two 75 lb and eight 45 lb capacity), all purchased in 2019. The building features a comprehensive security system (Lorax 24-hour camera system), energy-efficient mini-split heating and air conditioning, and a handicap-accessible half bath. Two gas tankless water heaters ensure ample hot water supply, complemented by a 1,000-gallon propane tank. Modernization is evident throughout, including new PEX plumbing, a 200-amp electrical service (split into two 100-amp services), and LED lighting. All structural support beams have been recently replaced. A 12x27 concrete slab at the rear provides additional outdoor space. A fully remodeled additional area at the back, complete with another half bath, is ready for immediate occupancy by a secondary business. The property also includes substantial basement storage. This turnkey operation offers significant income potential with the existing laundromat and substantial expansion possibilities in the ready-to-lease rear space. The 0.1-acre lot provides ample space for future development. Priced at $549,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,084,380

  6.5%

  $1,000,966

  7%

  $929,468

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,324,518

  Geo Method

  $2,324,518

• Alternative Use

  Use

  Valuation

  Residential

  $844,352

  Hospitality

  $773,422

  Educational

  $643,478

  Medical

  $665,608

  Retail

  $1,000,966

Location Insight

City

Chiloquin

County

Klamath

State

Oregon

Latitude

42.5762

Longitude

-121.863

CBSA code

28900

CBSA name

KLAMATH FALLS, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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