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Property profile & analytics
OFF-MARKET
Retail space

2238 Tremont St North Bend, OR 97459-3325

0.79 ac lot Built 1959
Individually Owned 14-yr Hold Free & Clear
Property ID
US71-0857834
Property summary
AI-generated overview

This freestanding retail building at 2238 Tremont St, North Bend, Oregon, offers 4,800 square feet of space on a 0.79-acre lot with 12 parking spaces. The property, built in 1959, features a main showroom with large display windows, a service area, and a machine shop. The building boasts concrete floors and heavy power, making it suitable for a variety of uses. A permitted M-L zoning designation allows for flexibility. Upstairs, a large apartment with stunning bay views offers a live/work option or potential rental income. Recently updated with new drywall, fresh paint, and flooring, this spacious apartment features a bright, open floor plan and huge windows. The property enjoys excellent visibility and accessibility due to its prime Highway 101 location. The asking price is $599,950, translating to $124.99 per square foot. The current tenancy is 100% occupied with a gross lease expiring in one year. The business's inventory and equipment are available for separate purchase for $10,000 (outside of escrow, with no financial data provided). The seller is motivated, and the property is easily shown.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1959
Lot 0.79 ac (34,412 SF)
Zoning code ML
APN 25 S 13 W 15 AD 3100
UPID US71-0857834
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
State Of Oregon · 14 yrs held
State Of Oregon
since 2012
2 recorded transactions
2022
Price N/A
2012
$7,600
Zoning & alternative use
ML · North Bend, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source view
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