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    OFF-MARKET
    Retail space

    532 Fir Ave, Reedsport, OR 97467-1429

    1,672 SF 0.1 ac lot Built 1956
    Individually Owned 10-yr Hold Free & Clear
    Property ID
    US71-1726760
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Ellen Keeland · 10 yrs held
    Ellen Keeland
    since 2015
    3 recorded transactions
    2015
    $165,000
    2015
    $165,000
    2008
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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