611 Hwy 20th S, Hines, OR 97738-2636
This exceptional commercial property, located at 611 Highway 20 S in Hines, Oregon (zip code 97738), presents a unique investment opportunity. The 5,640 square foot building, constructed in 1920, sits on a 0.8-acre lot and boasts a rich history as the Edward Hines Lumber Company commissary. Currently configured as office space, the two-story structure offers significant versatility. The main floor features two offices, two half-bathrooms, two large common areas, and a full kitchen with appliances (range, dishwasher, and refrigerator), ample cabinetry, and counter space. A converted walk-in freezer provides additional dry storage. Several rooms are available for storage, one with laundry hookups. Upstairs, 14 bedrooms and two half-bathrooms offer considerable flexibility. Several bedrooms include water hookups, and all are furnished with beds, closets, dressers, and mirrors. Recent updates include some rewiring and vinyl windows. The property's commercial zoning allows for diverse uses, capitalizing on its size and unique character. The inviting exterior, featuring pine trees and a large lawn, enhances its curb appeal. Priced at $350,000 ($62.06 per square foot), this property is an attractive investment in Eastern Oregon.
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
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.