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    OFF-MARKET
    Retail space

    165 Charles St, Mount Angel, OR 97362-9647

    1,848 SF 0.05 ac lot Built 1920
    Individually Owned 38-yr Hold Free & Clear
    Property ID
    US71-0573226
    Property summary
    AI-generated overview

    This exceptional 2,410-square-foot commercial condo space is ideally situated in the heart of downtown Mount Angel, Oregon, at 165 E Charles St (cross street: Garfield St), zip code 97362. Located on the street level of the Glockenspiel Building, this single-tenant property offers convenient alley access to a drive-up window, perfect for various businesses. Built in 2006, this four-story building sits on a 0.22-acre lot and boasts a total of 9,123 square feet. The space is zoned CG and was previously occupied by Columbia Bank, providing a history of successful commercial use. The property is a commercial condominium, and the landlord covers condo fees, water, sewer, and property taxes. This presents a unique opportunity for businesses seeking a high-visibility location in a vibrant community known for its renowned Oktoberfest celebration. The available space is part of a larger building, offering potential for synergy with other businesses. This turnkey solution provides immediate occupancy for a variety of retail, office, bank, or medical uses. The property's central location and convenient amenities make it an attractive investment opportunity.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1920
    Total area 1,848 SF
    Lot 0.05 ac (2,178 SF)
    Zoning code CG
    APN 061W10BA09800
    UPID US71-0573226
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    J W Unger · 38 yrs held
    J W Unger
    since 1988
    1 recorded transaction
    1988
    Zoning & alternative use
    CG · Mount Angel, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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