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    OFF-MARKET
    Distribution centers

    1845 1st Pl, Hermiston, OR 97838-6665

    6,344 SF 2 ac lot Built 1985
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US71-1875462
    Property summary
    AI-generated overview

    This exceptional commercial property, situated on a substantial two-acre lot in Hermiston, Oregon, presents a unique investment opportunity. The 6,344 square foot warehouse/shop boasts a highly desirable location on a busy thoroughfare, making it ideal for businesses requiring significant space and convenient access. The building itself features two well-appointed offices, providing ample administrative space, and a single bathroom for employee convenience. A large roll-up door ensures easy access for delivery trucks, heavy equipment, or large shipments, streamlining operations and enhancing efficiency. Further enhancing its versatility, the property includes a substantial 13x28 walk-in cooler, perfect for businesses requiring temperature-controlled storage. The expansive two-acre lot offers significant potential for future expansion or outdoor storage, providing considerable flexibility for a variety of commercial uses. This property is priced at $885,000 and represents a rare chance to acquire a well-equipped, strategically located commercial space in a thriving Hermiston market. The combination of size, features, and location makes this an exceptional opportunity for businesses seeking to establish or expand their operations. Don't miss this chance to own a prime commercial property in Hermiston.

    Property profile
    Verified
    Property type Distribution centers
    Use group DISTRIBUTION WAREHOUSE
    Year built 1985
    Total area 6,344 SF
    Lot 2 ac (87,120 SF)
    Zoning code M-1
    APN 4N2803C000301
    UPID US71-1875462
    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
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    Owner & transaction history
    C&j Trucking LLC · 5 yrs held
    C&j Trucking LLC
    since 2021
    2 recorded transactions
    2021
    $425,000
    2005
    $175,000
    Zoning & alternative use
    M-1 · Hermiston, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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