Individually Owned Property summary
This exceptional 1,500 square foot retail space, part of a larger 6,060 square foot building at 5500 Philomath Blvd, Corvallis, OR 97333, presents a unique opportunity. Located in a high-traffic area near a busy intersection, this Class A property boasts desirable features including 13-foot ceilings, 240 AMP 3-phase power, and ample parking. The space is currently vacant and offers flexibility for various uses, such as a deli, restaurant, retail shop, or contractor's office. The layout includes two large rooms and a restroom. The property sits on 1.29 acres of land and is zoned CMU2. Built in 1954, this single-story building offers excellent signage opportunities. Join existing tenants Oregon Pound Jiu Jitsu and Unique Mart C Store in this thriving commercial area. The property's APN is 149348, and it's located in Benton County. The minimum divisible space is 1,500 square feet, with a maximum contiguous space also at 1,500 square feet. Potential for gated storage is also available. This is an ideal location for a business seeking high visibility and convenient access.
Property profile
VerifiedCap rate & NOI
Current use
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Grocery & Convenience Store
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Crypto Atm
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Atm
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Grocery & Convenience Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
This zone is intended to form the commercial core of comprehensive neighborhoods as envisioned by the Comprehensive Plan, this zone is anticipated within Major Neighborhood Center Study Areas, although they can be approp…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CMU-2 · Corvallis, ORThis zone is intended to form the commercial core of comprehensive neighborhoods as envisioned by the Comprehensive Plan, this zone is anticipated within Major Neighborhood Center Study Areas, although they can be approp…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
This zone is intended to form the commercial core of comprehensive neighborhoods as envisioned by the Comprehensive Plan, this zone is anticipated within Major Neighborhood Center Study Areas, although they can be approp…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CMU-2 in Corvallis, OR.
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