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    OFF-MARKET
    Commercial real estate

    432 2nd Ave, Powers, OR 97466-9732

    Built 1951
    Individually Owned Free & Clear
    Property ID
    US71-0748313
    Property summary
    AI-generated overview

    Exceptional investment opportunity in Powers, Oregon, featuring a substantial 8,000 square foot commercial building situated on commercially zoned land. This property, built in 1951, boasts a 4,000 square foot ground floor, previously used as a restaurant and thrift store, offering ample space for a variety of businesses. An additional 4,000 square feet on the upper level is divided into five apartment units – one two-bedroom, one-bathroom unit and four one-bedroom, one-bathroom units – providing potential for rental income or Airbnb operation. The property's prime location in the heart of Powers, adjacent to a restaurant, grocery store, and salon, ensures high visibility and convenient access. Its proximity to the Siskiyou National Forest and the Coquille River offers recreational opportunities, enhancing its appeal. Priced at $329,000, this property presents a unique chance to capitalize on its existing infrastructure and strategic location. The buyer is responsible for conducting due diligence. This is a rare chance to own a substantial commercial property with significant upside potential in a desirable Oregon location.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1951
    Zoning code C
    APN 31 S 12 W 13 DB 8800
    UPID US71-0748313
    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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    CAP Approach CAP
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    Owner & transaction history
    JEANNINE LECUYER
    JEANNINE LECUYER
    Zoning & alternative use
    C · Powers, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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