Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Commercial land

    588 Main St, Independence, OR 97351-2420

    1,065 SF 0.22 ac lot Built 1910
    Individually Owned 8-yr Hold ~ Est. High Equity
    Property ID
    US71-0358312
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Year built 1910
    Total area 1,065 SF
    Lot 0.22 ac (9,583 SF)
    Zoning code MUPC
    APN 08428-BD-03900
    UPID US71-0358312
    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
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Hazel Taylor
    Hazel Taylor
    1 recorded transaction
    1969
    Zoning & alternative use
    MUPC · Independence, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 588 Main St?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message