200 Main E St Monmouth, OR 97361-2239
This exceptional 2,625 square foot standalone retail building in Monmouth, Oregon, presents a unique leasing opportunity. Located at 200 Main St E, 97361, in Polk County, this single-tenant property boasts a highly desirable drive-thru, perfect for businesses requiring convenient customer access. The building's interior features a welcoming lobby, a secure vault, three private offices providing ample space for administrative functions, and two restrooms for staff and customer convenience. Its former use as a bank ensures a robust and well-maintained structure. The property's strategic location offers exceptional visibility and accessibility, situated within walking distance of Western Oregon University, ensuring a consistent flow of potential customers. Its proximity to Main Street Park further enhances its appeal and provides a pleasant surrounding environment. Landlords are seeking a long-term tenant to occupy the entire premises. This property is ideal for a variety of businesses seeking a high-profile location in a thriving community. The property is classified as Retail and Office, with subtypes of Traditional Office and Medical Office.
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ATM Atm
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ATM W. Coast Bank Bank Loan Service
CR Zone. The purpose of the commercial retail (CR) zone is to define and protect areas suitable for the development of a wide range of retail commercial facilities and services. (4) CRT Zone. The purpose of the commercial retail transitional (CRT) zone is to define areas suitable for the development of a wide range of mixed commercial and/or residential uses…
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
Property description
Physical attributes from public recordsZoning & alternative use
CR · Monmouth, ORCR Zone. The purpose of the commercial retail (CR) zone is to define and protect areas suitable for the development of a wide range of retail commercial facilities and services. (4) CRT Zone. The purpose of the commercial retail transitional (CRT) zone is to define areas suitable for the development of a wide range of mixed commercial and/or residential uses, facilities, and services. The CRT zone is considered a transitional zone in that uses are expected to gradually evolve from predominantly residential to predominantly commercial. ( Ord. 1408
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.