448 Oregon St Ontario, OR 97914
- Retail space
- 24,000 SF
- 2.02 lot acres
Current Use by Public Records
- Retail space
Property Details for 448 Oregon St
- Year built
- 1947
- Lot size
- 2.02 lot acres
- Property size
- 24,000 SF
- Zone code
- O-I2
- Property type
- 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
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $610,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $500,000
- 6.5%
- $480,000
- 7%
- $505,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $530,000
- Geo Method
- $445,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $550,000
- Retail
- $535,000
- Mixed-Use
- $535,000
- Hospitality
- $460,000
- Educational
- $540,000
- Residential Income
- $495,000
- Energy
- $605,000
- Income-Based Land
- $505,000
- Food Service
- $610,000
Location Insight
- Map
- Local Demand
- City
- Ontario
- County
- Malheur
- State
- Oregon
- Longitude
- -116.961
- Latitude
- 44.0305
- CBSA code
- 36620
- CBSA name
- ONTARIO, OR-ID MICROPOLITAN STATISTICAL AREA
