622 SE Jackson St Roseburg, OR 97470
- Retail space
- 7,715 SF
- 0.20 lot acres
Current Use by Public Records
- Gallery Northwest / Art Gallery / Community Center
Property Details for 622 SE Jackson St
- Year built
- 1980
- Lot size
- 0.20 lot acres
- Property size
- 7,715 SF
- Property type
- Retail space
- APN
- 27-05W-19BC-11100
- APU
- 2705W19BC11100
Description
The Kohlhagen Building, located at 622 SE Jackson St in Roseburg, Oregon, presents a unique investment opportunity. This 20,795 square foot commercial property sits on a 0.27-acre lot and is currently listed at $1,295,000. The building features three fully occupied street-level commercial suites, currently housing a bar/lounge and an art gallery, creating a vibrant and diverse tenant mix. The second floor has been meticulously remodeled and offers a versatile space with high ceilings, oversized insulated windows, a full kitchen, and a large banquet room. This area is suitable for a variety of uses, including extended-stay lodging, office space, or event hosting. Convenient street-front parking is available for patrons, with additional private parking located behind the building. Basement storage is also included. The property's location within an Opportunity Zone offers potential tax advantages and incentives. This exceptional property is ideal for investors seeking a strong return in a thriving downtown area. The combination of established businesses on the ground floor and the adaptable second-floor space provides a unique opportunity for both immediate income and future development. The building's blend of commercial and potential residential uses makes it a highly attractive investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $775,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $940,000
- 6.5%
- $1,065,000
- 7%
- $935,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,035,000
- Geo Method
- $1,245,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,200,000
- Retail
- $1,160,000
- Mixed-Use
- $930,000
- Hospitality
- $1,005,000
- Educational
- $935,000
- Residential Income
- $1,120,000
- Energy
- $1,020,000
- Income-Based Land
- $1,015,000
- Food Service
- $1,115,000
Location Insight
- Map
- Local Demand
- City
- Roseburg
- County
- Douglas
- State
- Oregon
- Longitude
- -123.345
- Latitude
- 43.2086
- CBSA code
- 40700
- CBSA name
- ROSEBURG, OR MICROPOLITAN STATISTICAL AREA