221 Oregon St Ontario, OR 97914
- Commercial real estate
- 9,600 SF
- 0.11 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 221 Oregon St
- Year built
- 1915
- Lot size
- 0.11 lot acres
- Property size
- 9,600 SF
- Zone code
- O-C3
- Property type
- Commercial real estate
- APN
- 18S4710BB 1300
- APU
- 18S4710BB1300
Description
This exceptional investment property, located at 221 Oregon St in downtown Ontario, Oregon (zip code 97914), presents a unique opportunity to acquire a mixed-use building with significant income potential. The 9,600 square foot building is currently 100% occupied, generating strong cash flow. The main level features a thriving local bar and a cell phone business operating under a modified lease agreement with a remaining term of two years. Ten upstairs studio apartments provide additional rental income, contributing to the property's robust financial performance. The multi-tenant structure offers diversification and built-in resilience. Situated in the heart of downtown Ontario, the property benefits from high visibility and convenient access to local amenities and transportation. This is an ideal investment for those seeking a stable, high-yield asset in a growing Oregon market. The asking price for this turnkey operation is $1,000,000. The property's prime location and diverse income streams make it a compelling investment opportunity with significant upside potential. This is a rare chance to acquire a well-established, profitable property in a desirable downtown location. The current tenants ensure immediate cash flow, minimizing vacancy risk. The property's strong occupancy rate and diverse tenant mix contribute to its financial stability and long-term value.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ontario
- County
- Malheur
- State
- Oregon
- Longitude
- -116.964
- Latitude
- 44.0247
- CBSA code
- 36620
- CBSA name
- ONTARIO, OR-ID MICROPOLITAN STATISTICAL AREA
