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Property summary
A fully remodeled retail building of approximately 2,031 square feet located at 503 Main St in Oregon City. The structure was comprehensively renovated in 2017 to near-new condition and includes seismic upgrades, a new HVAC system, a replaced roof, new exterior siding, and electrical updates to the panel. Plumbing was updated to the street, including sewer service and a grease trap, and interior updates include new insulation/framing, flooring, and custom handcrafted shelving. The property is situated several blocks from the Clackamas County Main Street Courthouse redevelopment and directly across from the Tumwata Village development. The building was configured for owner-occupant retail use and historically housed White Rabbit Book Cafe and Black Ink Coffee, with Black Ink Coffee being phased out; it is not described as containing an arrangement that would prevent similar retail occupancy.
Property profile
VerifiedCap rate & NOI
Current use
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Cafe & Coffee Shop
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(Bike/Boat/Book/etc) Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
tached homes) High Density Residential District R-2 (Multifamily dwellings also permitted in MUC, MUD, NC, and HC zones) Commercial, Institutional, and Mixed Use Districts C - General Commercial MUC - Mixed Use Corridor…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Oregon City market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
MUD · Oregon City, ORtached homes) High Density Residential District R-2 (Multifamily dwellings also permitted in MUC, MUD, NC, and HC zones) Commercial, Institutional, and Mixed Use Districts C - General Commercial MUC - Mixed Use Corridor…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
tached homes) High Density Residential District R-2 (Multifamily dwellings also permitted in MUC, MUD, NC, and HC zones) Commercial, Institutional, and Mixed Use Districts C - General Commercial MUC - Mixed Use Corridor…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MUD in Oregon City, OR.
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