405 6Th St Grants Pass, OR 97526
This exceptional two-story, 5,950 square foot Class B office building is situated in the heart of Grants Pass's Central Business District (CBD) at 405 NE 6th St, 97526. Built in 1967, this single-tenant property boasts a 100% occupancy rate and is currently being utilized as office space. The building sits on a sizable 18,553 square foot lot and offers ample parking with 27 spaces. The flexible floor plan includes a mix of private offices and open work areas, complemented by multiple conference rooms, catering to diverse business needs. Its prime location offers excellent visibility and is within walking distance of various restaurants and services. The property features a well-maintained exterior, allowing for prominent signage opportunities. This owner-user investment presents a unique chance to acquire a substantial office space in a thriving downtown area. The asking price is $1,100,000, translating to $184.87 per square foot. The property is zoned for CBD use and includes one building with two stories. The APN is R310335. Serious inquiries only.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.