320 2nd St Corvallis, OR 97333-4632
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.
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CMU-3 · Corvallis, ORCorvallis. Always verify with local authorities before improvements.
No recorded transactions found for this property.
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.