120 Theater Ln Hermiston, OR 97838
- Commercial real estate
- 77,101 SF
- 1.87 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 120 Theater Ln
- Year built
- 1950
- Lot size
- 1.87 lot acres
- Property size
- 77,101 SF
- Property type
- Commercial real estate
Description
This exceptional 1.87-acre commercial property in Hermiston, Oregon, presents a remarkable investment opportunity. Boasting 77,101 square feet of land, the property enjoys a highly visible location directly across from Grocery Outlet, Hermiston Theater, Goodwill, and HAPO Credit Union. Its strategic position also places it in close proximity to Ace Hardware, Home Depot, Community Bank, Old West Bank, and numerous other thriving businesses. The property includes three existing residential buildings located at 120, 150, and 220 Theater Lane, each currently generating month-to-month rental income from long-term tenants. These homes are not included in the sale. In addition to the buildings, four unimproved lots are also part of this expansive offering. The property benefits from excellent frontage on Theater Lane, providing exceptional visibility and accessibility. This versatile site presents an ideal canvas for the development of a new commercial building, a strip mall, or a mixed-use project. The existing rental income provides a stable cash flow while development plans are formulated, making this a truly unique and lucrative investment opportunity in a rapidly growing area. The property is priced at $600,000.
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
- Hermiston
- County
- Umatilla
- State
- Oregon
- Longitude
- -119.2918
- Latitude
- 45.85706
