1233 Main St Philomath, OR 97370
This exceptional 2,030 square foot vacant storefront presents a remarkable investment opportunity in the heart of Philomath, Oregon. Located at 1233 Main Street, this Class C retail property boasts a prime downtown location, perfectly situated to benefit from recent streetscape enhancements. The single-story building sits on a 4,448 square foot lot and offers ample on-site parking, a significant advantage in a bustling commercial district. Large windows and extensive retail display space provide excellent visibility and create an inviting storefront for any business. The property is zoned for Downtown Commercial Core use, offering flexibility for a variety of retail ventures. This vacant space is ready for immediate occupancy, allowing a new business to quickly establish itself in a thriving community. The property's central location and attractive features make it an ideal choice for entrepreneurs seeking a high-traffic, visible location to launch or expand their business. The asking price is $289,500. Don't miss this chance to secure a prominent retail presence in Philomath's vibrant downtown. The property's address is 1233 Main St, Philomath, OR 97370.
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Niche Retail Consulting Business Management Consultant
C-1 Central Commercial Allowed Uses C-2 General Commercial Allowed Uses O-R Office/Residential Allowed Uses (A) Bank or financial institution. (B) Church. (C) Day care centers, including family day care homes. (D) Drive-in or drive-through facilities.* (E) Funeral parlor. (F) Fraternal lodge. (G) Membership club. (H) Multifamily and row housing.* (I) Retail…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Philomath, ORC-1 Central Commercial Allowed Uses C-2 General Commercial Allowed Uses O-R Office/Residential Allowed Uses (A) Bank or financial institution. (B) Church. (C) Day care centers, including family day care homes. (D) Drive-in or drive-through facilities.* (E) Funeral parlor. (F) Fraternal lodge. (G) Membership club. (H) Multifamily and row housing.* (I) Retail sales and service establishments that do not require the outside storage of goods, supplies or equipment not otherwise identified in this section. (J) Offices. (K) Professional offices. (L) Public buildings and uses including public park, post office, public office, fire station, public community center, public parking lot, and public library. (M) Residences, provided they are in conjunction with another use that is allowed or allowed by an approved conditional use permit. Residences must be located above the allowed use. (N) Recreation vehicles, including travel trailers, camping trailers, fifth-wheel trailers, motor homes, and/or other vehicles designed for temporary occupancy may not be stored or occupied in the zone. (A) All uses allowed in the C-1 zone. (B) Assembly of products. (C) Automobile or trailer sales and service. (D) Car wash. (E) Motels. (F) Service station and vehicle repair shop. (A) Church, nonprofit religious or philanthropic institution. (B) Office. (C) Home occupation; subject to PMC § 18.145.020 . (D) Multifamily dwelling.** (E) Family day care home or facility. (F) Parking lot. (G) Residential or child care home or facility. (O) Residential care facility. (P) Restaurants including takeout only establishments. (Q) Taverns. (R) Sidewalk displays. * Uses marked with an asterisk (*) are subject to the standards in PMC § 18.40.090 , Special standards for certain uses. Home occupations and temporary uses are subject to the standards in Chapter 18.145 PMC. ** Multifamily dwellings in a commercial zone are subject to the standards of the R-3 zone in Chapter 18.35 PMC. Table 18.40.020 Land Uses and Building Types Allowed in the Commercial Districts C-2 General Commercial Conditional Uses O-R Office/Residential Conditional Uses (A) Light manufacturing. The planning commission may grant a conditional use permit for the following uses: (A) Research laboratories. (B) Tower, water tank, or similar structure in conjunction with a building or buildings on the same lot. (C) Funeral parlor. (D) Pharmacy. (E) Community center. (F) Governmental structure or use of land, including park, playground, fire or police station, library, or City Hall.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.