Property profile

532 Fir Ave Reedsport, OR 97467

OFF-MARKET
Retail space
Property ID
US71-1726760
1,672 SF 0.1 ac lot Built 1956
Individually Owned 10-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1,672 square foot storefront, located at 532 Fir Ave in Reedsport, Oregon (97467), is offered at $500,000. Built in 1956, this property boasts a highly visible corner lot with excellent road frontage, previously utilized as a gas station. All underground tanks have been removed, and a DEQ clearance report is available for review. The building features abundant natural light from numerous windows and offers versatile space suitable for a variety of retail businesses or even a food truck lot. Currently operating as a woodwork gallery and gift shop, this property presents a unique opportunity to establish or expand your business in a high-traffic area. Its strategic location ensures easy access and maximum visibility, attracting significant customer traffic. The property's price per square foot is $299.04. Adjacent properties at 542 Fir Ave (warehouse) and 563 Winchester Ave (warehouse with dwelling) are also available for purchase separately. This is a remarkable opportunity to acquire a well-located commercial property in Reedsport.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1956
Total area 1,672 SF
Lot 0.1 ac (4,356 SF)
APN 21-12W-35CB-09000
UPID US71-1726760

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

532 Fir Ave Reedsport, OR 97467-1429
Reedsport metro Census 10000 ROSEBURG, OR MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$100k

Owner & transaction history

since 2015
3 recorded transactions
2015
$165,000
2015
$165,000
2008
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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