448 Oregon StOntario, OR 97914

Property Details for 448 Oregon St

Year built

1947

Lot size

2.02 AC

Property size (Sq ft)

24,000 SF

Zone code

O-I2

Property type

Retail properties

Property subtype

Retail space

APN

18S4703CB 1100

APU

18S4703CB1100

Description

This exceptional 24,640 square foot commercial property, situated on a 2.02-acre lot at 448 N Oregon Street in Ontario, Oregon, presents a unique investment opportunity. The building, spanning two floors, currently operates as a thriving retail-wholesale antique business. The expansive space includes 12,000 square feet dedicated to showcasing inventory, complemented by an additional 12,000 square feet of storage for processing and managing incoming goods. The property boasts 182 well-lit parking spaces, ensuring ample convenience for customers and employees. The sellers are currently developing an art and library display across four distinct areas within the building, adding further potential for diversification and increased revenue streams. This property offers three distinct acquisition scenarios: Purchase the building alone for $1,750,000

• CAP approach

  CAP return

  Valuation

  6%

  $7,188,895

  6.5%

  $6,635,903

  7%

  $6,161,910

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,894,941

  Geo Method

  $12,894,941

• Alternative Use

  Use

  Valuation

  Residential

  $5,597,632

  Hospitality

  $5,127,402

  Educational

  $4,265,938

  Medical

  $4,412,650

  Retail

  $6,635,903

Location Insight

City

Ontario

County

Malheur

State

Oregon

Latitude

44.0305

Longitude

-116.961

CBSA code

36620

CBSA name

ONTARIO, OR-ID MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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