333 E Main St Hermiston, OR 97838
- Office Properties & Spaces
- 3,940 SF
- 0.21 lot acres
Current Use by Public Records
- Hermiston Herald / Media Distribution
- East Oregonian / Publishing House / Newspaper & Magazine
- Itzahiana Dalahy Beauty Atelier LLC / Hair Salon / Nail Salon
Property Details for 333 E Main St
- Year built
- 1979
- Lot size
- 0.21 lot acres
- Property size
- 3,940 SF
- Zone code
- C-1
- Property type
- Office Properties & Spaces
- APN
- 4N2811CB06500
- APU
- 4N2811CB06500
Description
This exceptional Hermiston office building presents a compelling investment opportunity. Situated at 333 East Main Street, this 3,940 square-foot property boasts a prime location on a 0.21-acre lot in a predominantly commercial area. Built in 1979, the building is currently fully occupied by two tenants, generating consistent income. The convenient access to Highway 395 ensures excellent visibility and accessibility for both tenants and clients. The property's size and location make it ideal for a variety of uses, offering a strong return on investment. The building's current occupancy status provides immediate cash flow, minimizing vacancy risks. This is a rare opportunity to acquire a well-maintained, income-producing office building in a thriving commercial area. The property's strategic location along a busy commercial street offers significant potential for future growth and appreciation. Serious inquiries are encouraged to explore this promising investment opportunity further. Please respect the privacy of the current tenants and refrain from disturbing them during any property viewings. All inquiries should be directed through the appropriate channels.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $680,000
- 6.5%
- $625,000
- 7%
- $585,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $708,000
- AI Estimate
- $617,000
Market price range: $257k - $709kMarket price range: $145k - $691k
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Location Insight
- Map
- Local Demand
- City
- Hermiston
- County
- Umatilla
- State
- Oregon
- Longitude
- -119.286
- Latitude
- 45.8408
- CBSA code
- 25840
- CBSA name
- HERMISTON-PENDLETON, OR MICROPOLITAN STATISTICAL AREA