Property profile

563 Winchester Ave Winchester Bay, OR 97467

OFF-MARKET
Commercial real estate
Property ID
US71-0881901
3,420 SF 0.11 ac lot Built 1948
Individually Owned 8-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 3,420-square-foot warehouse at 563 Winchester Ave, Reedsport, Oregon, presents a compelling investment opportunity. Built in 1948, this single-story structure sits on a commercially zoned (COMM) lot and offers a versatile layout suitable for a range of commercial uses. The property boasts a spacious interior, including a large bathroom, a sizable room adaptable as an office or bedroom, and convenient laundry hookups, providing flexibility for diverse operational and potential residential needs. Priced at $500,000, or $146.20 per square foot, this represents a strong value proposition in the Reedsport market. The property's strategic location enhances its appeal, making it ideal for business expansion or portfolio diversification. Further investment potential exists with adjacent lots at 532 and 542 Fir Ave, also available for purchase (details available upon request). This warehouse offers a unique blend of functionality and potential, making it an attractive option for discerning investors seeking a strong return on investment in a desirable Oregon location. The property's solid construction and adaptable space ensure long-term value and potential for future growth. Contact us today to schedule a viewing and explore the possibilities.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1948
Total area 3,420 SF
Lot 0.11 ac (4,792 SF)
APN 21-12W-35CB-09300
UPID US71-0881901

Cap rate & NOI

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

Location

563 Winchester Ave Winchester Bay, OR 97467-1523
Winchester Bay 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
$260k

Owner & transaction history

since 2018
2 recorded transactions
2018
$150,000
1969
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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