Property profile

165 Charles St Mount Angel, OR 97362

OFF-MARKET
Retail space
Property ID
US71-0573226
1,848 SF 0.05 ac lot Built 1920
Individually Owned 38-yr Hold Free & Clear
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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

Location

165 Charles St Mount Angel, OR 97362-9647
Mount Angel metro Census 10400 SALEM, OR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$135k

Owner & transaction history

since 1988
1 recorded transaction
1988
Price N/A

Zoning & alternative use

CG · Mount Angel, OR
Zoning description

All signs permitted within the Commercial General (CG) or Residential Commercial (RC) zones of the City shall conform to the following design review criteria, unless otherwise provided for in this Ordinance: (a) Signs mu…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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