588 Main St, Independence, OR 97351-2420
This exceptional .44-acre lot, encompassing 19,166.4 square feet, presents a rare development opportunity in the heart of downtown Independence, Oregon. Located at 588 & 564 S Main Street, this property is zoned MUPC-T (Multi-Use-Transitional), offering unparalleled flexibility for a diverse range of projects. The zoning allows for commercial, residential, multi-family development, or a creative blend of all three. Imagine the possibilities: a vibrant mixed-use building, a modern apartment complex, or a unique commercial space capitalizing on the high traffic counts of this central location. With a maximum building height of 40 feet (allowing for up to three stories), the potential for a substantial and impactful development is significant. The asking price for this strategically located property is $530,000. This is a chance to shape the future of Independence's downtown core and create a lasting legacy. Don't miss this exceptional opportunity to acquire a prime piece of Oregon real estate with significant upside potential. The property's address is 588 & 564 S Main Street, Independence, OR 97351.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
MUPC · Independence, ORIndependence. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.