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Property profile & analytics
OFF-MARKET
Individual retail properties

320 2nd St Corvallis, OR 97333-4632

4,368 SF 0.05 ac lot Built 1924
Entity Owned Free & Clear
Property ID
US71-0477102
Property summary
AI-generated overview

This exceptional 4,696 square foot retail space, situated at 320 SW 2nd Street in Corvallis, Oregon, presents a unique investment opportunity. Built in 1924 and boasting three stories, this single-tenant property offers a fully remodeled interior with a spectacular high-ceiling entry. The layout includes 2,518 square feet on the first floor, 1,250 square feet on the second floor, 400 square feet on a lower level, and a 500 square foot mezzanine. The property benefits from forced air heating and cooling, and two ADA-compliant restrooms. Its prominent location provides excellent visibility on SW 2nd and 3rd Streets, placing it within half a block of the post office, museum, restaurants, hotels, and shopping. Ample parking is available with 41 spaces, including three hours of free customer parking both in front and behind the building. The property sits on a 0.06-acre lot and the annual property taxes are $4,100.63 per square foot. The previous rent was $2,350 per month before taxes. This versatile space is ideal for a variety of uses, including a gym, personal training studio, massage therapy center, or medical spa. The property's prime location and attractive features make it an excellent investment opportunity in the thriving Corvallis market.

Property profile
Verified
Property type Individual retail properties
Use group GYM, HEALTH SPA
Year built 1924
Total area 4,368 SF
Lot 0.05 ac (2,178 SF)
Zoning code CMU-3
APN 12502AB02400
UPID US71-0477102
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
WIKE NANCY, TRUST
WIKE NANCY, TRUST
Zoning & alternative use
CMU-3 · Corvallis, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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