2470 Industrial Ave Hubbard, OR 97032-9491
This exceptional 16,880-square-foot manufacturing facility in Hubbard, Oregon, presents a unique owner-user opportunity. Situated on a 1.18-acre lot, this well-maintained building boasts a 22-foot ceiling height, providing ample vertical space for various industrial operations. The property features one covered loading dock and two grade-level doors, ensuring efficient loading and unloading. The building is equipped with compressor hookups and ample power, along with strategically placed feed rails and drops throughout. The fully fenced and paved lot offers generous parking and yard storage space. This single-owner building has never before been on the market. Located in Hubbard's highly desirable Industrial (I) Zone, the property allows for a wide range of uses, including manufacturing, processing, warehousing, automotive repair, outdoor storage, recycling, freight terminals, and more. The asking price is $3,250,000, translating to $192.54 per square foot. This represents a rare chance to acquire a prime industrial property in a highly favorable location. The property's features and zoning make it an ideal investment for a variety of manufacturing and industrial businesses. Don't miss this exceptional opportunity to secure a well-maintained, versatile industrial space in a thriving Oregon community. The zip code is 97032.
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2.107 INDUSTRIAL DISTRICT (I) 2.107.01 Purpose The purpose of the Industrial District is to provide areas for general industrial activities which do not produce excessive smoke, dust, noise, vibration, smell or harmful substance to meet the economic needs of the City of Hubbard. The Industrial District is consistent with the Industrial Comprehensive Plan des…
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
I · Hubbard, OR2.107 INDUSTRIAL DISTRICT (I) 2.107.01 Purpose The purpose of the Industrial District is to provide areas for general industrial activities which do not produce excessive smoke, dust, noise, vibration, smell or harmful substance to meet the economic needs of the City of Hubbard. The Industrial District is consistent with the Industrial Comprehensive Plan designation. 2.107.02 Permitted Uses Unless otherwise subject to Conditional Use provisions or requirements of this Ordinance, the following uses are permitted in the Industrial District: A. Establishments engaged in manufacturing, processing, packing, assembly, distribution, repair, finishing or refinishing, testing, fabrication, research and development, warehousing and servicing activities. Examples of uses that would be appropriate include: aircraft or auto parts, bottling plants, bakery products, communication equipment, drugs, fabricated textile products, office machines, building materials, recycling centers, and motor freight terminals; and B. Warehouse and outdoor storage activities. C. Automotive repair D. Manufactured home sales E. Place of worship, club lodge, or fraternal organizations. F. Marijuana processor, marijuana producer, marijuana testing laboratory marijuana wholesaler, subject to Section 2.306. 2.107.03 Conditional Uses The following uses may be permitted in the Industrial District when authorized by the Planning Commission pursuant to Section 3.103. A. Extraction and processing of minerals, rock, or other earth products B. Automotive dismantling, wrecking and salvage yard C. Fuel oil distribution D. Manufacturing, processing or storage of explosive, flammable or toxic products E. Welding operations 50 F. Public and private utility buildings and structures such as electric substations, telephone exchanges, and communications towers and/or antennas. G. Caretaker residence subject to the following requirements: 1. Establishment of caretaker residence shall be subject to the Site Development Review requirements of Section 3.105. 2. Only one residence is allowed per tract of land. 3. The residence is limited to a manufactured or mobile home or a park trailer or recreational park trailer as defined by this ordinance or the residence is incorporated into the building design for an associated business on the property. 4. Installation of a park trailer or a recreational park trailer shall comply with the requirements of Oregon Administrative Rules Chapter 918, Division 530 and shall be connected to public utilities. 5.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
