Property profile

259 Longfellow S St Vale, OR 97918

OFF-MARKET
Commercial real estate
Property ID
US71-0440671
5,172 SF 0.15 ac lot Built 1958
Individually Owned Free & Clear
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Property summary

AI-generated overview

This remarkable 5,172 square foot commercial property, situated on a 0.15-acre lot at 259 Longfellow Street in Vale, Oregon, presents a unique investment opportunity. Previously operating as a grange hall, this building boasts a rich history and substantial space ideal for a variety of commercial ventures. The property features a fully functional commercial kitchen, perfect for food service businesses or catering operations. Two fully functional bathrooms are also included, ensuring convenience for both staff and patrons. The downstairs area seamlessly connects the kitchen to a large dining hall, providing a versatile layout adaptable to many business plans. The expansive open areas offer significant flexibility for various commercial uses, from retail spaces to offices or event venues. Potential buyers are responsible for verifying that the existing zoning complies with their intended use and future plans for the building. This property is currently priced below its appraised value, representing a compelling opportunity to acquire a piece of Vale's history and establish a thriving business in a desirable location. The substantial size and versatile layout make this a truly exceptional commercial property. Act quickly to secure this remarkable opportunity.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1958
Total area 5,172 SF
Lot 0.15 ac (6,580 SF)
Zoning code V-C
APN 18S4529BA 1800
UPID US71-0440671

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

259 Longfellow S St Vale, OR 97918-1337
Vale metro Census 970600 ONTARIO, OR-ID MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
$380k

Owner & transaction history

Zoning & alternative use

V-C · Vale, OR
Zoning description

The purpose of V-C district is to permit uses such as retail shops, services and auditorium or exhibition hall in Neighborhood area

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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