1013 K St, Grants Pass, OR 97526
This exceptional investment opportunity in Grants Pass, Oregon, encompasses six lots totaling 0.82 acres, zoned R-2. Five lots on SW K Street measure 0.14 acres each, while one lot on SW L Street is 0.12 acres. The property boasts three existing commercial buildings totaling 12,289 square feet, each listed on the National Register of Historic Places. Utilities including power, sewer, gas, internet, and phone are already connected at each property line. A city-approved plan for remaining infrastructure and water is in place. Located near downtown Grants Pass in an established residential area with recent new construction nearby, this mixed-use property offers nearly limitless potential for redevelopment. The historic buildings present a unique opportunity for conversion into various residential or commercial uses. The asking price is $500,000. This is a rare chance to acquire a substantial property with significant upside in a desirable Oregon location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.