Individually Owned 
For Sale
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Property summary
This exceptional investment opportunity presents a fully occupied, multi-tenant commercial building located at 513 Main St, Klamath Falls, Oregon, 97601. The property boasts a total of 3,325 square feet, encompassing two distinct units within a single, seismically improved building. Unit 101, measuring 1,800 square feet, is currently occupied by JM Solutions LLC, offering office space with a reception area, three workstations, two private offices, a kitchen, and a breakroom. Unit 100, a 1,200 square foot space, houses Lightning Fro-Yo, a year-round gourmet frozen yogurt shop with seating for fifteen and a licensed kitchen. Both tenants are currently operating under month-to-month leases. The property features a strategic location on Main Street, providing excellent public parking and accessibility. Built in 2017, the building sits on a 3,485 square foot lot and benefits from geothermal sidewalks. The asking price is $498,750, translating to $150 per square foot of net rentable space (3,100 sq ft). The property is zoned GC and offers a compelling investment opportunity for both seasoned investors and entrepreneurs seeking a turnkey operation. The current owners are willing to facilitate the sale of the existing businesses, including training and support for a smooth transition. This is a net lease property with two tenants. The property's APN is 412869.
Property profile
VerifiedCap rate & NOI
Current use
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Bakery Take-out & Catering
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Tax Preparation
Location
Value estimations
Owner & transaction history
Zoning & alternative use
5 Neither new single-family nor new duplex residences may be constructed in the GC or DB zones, and new single-family residences may not be constructed in the MU zone. Existing single-family and duplex residences in thos…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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 Klamath Falls 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
GC · Klamath Falls, OR5 Neither new single-family nor new duplex residences may be constructed in the GC or DB zones, and new single-family residences may not be constructed in the MU zone. Existing single-family and duplex residences in thos…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
5 Neither new single-family nor new duplex residences may be constructed in the GC or DB zones, and new single-family residences may not be constructed in the MU zone. Existing single-family and duplex residences in thos…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GC in Klamath Falls, OR.
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