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    FOR SALE
    Specialty properties

    700 Weed Ave, Vernonia, OR 97064

    828 SF 0.26 ac lot Built 1924
    Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US71-1792701
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 700 Weed Avenue in the charming town of Vernonia, Oregon, presents a unique investment opportunity. Boasting 880 square feet of versatile space situated on a sizable 0.33-acre lot, this property is brimming with potential for a wide range of business ventures. The building's current configuration offers ample room for customization, allowing future owners to tailor the space to their specific needs. Its prime location within Vernonia ensures high visibility and accessibility, making it an ideal spot for attracting customers and clients. The property's size and layout provide flexibility for various uses, from retail and office spaces to light industrial or service-based businesses. The 0.33-acre lot offers additional space for expansion, outdoor storage, or even potential development. This is a rare opportunity to acquire a well-situated commercial property in a thriving community with a strong sense of local pride. The asking price of $278,750 represents exceptional value for a property with such significant potential. Don't miss this chance to establish your business in a desirable location with a bright future. Serious inquiries are encouraged to explore the possibilities this property offers. The property is located in Vernonia, Oregon.

    Property profile
    Verified
    Property type Specialty properties
    Use group VETERINARY, ANIMAL HOSPITAL
    Year built 1924
    Total area 828 SF
    Lot 0.26 ac (11,326 SF)
    Zoning code VR:GC
    APN 4405-DA-01300
    UPID US71-1792701
    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
    Current use
    Occupant on record · Public records
    • open door gathering Church Mosque
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Vernonia Investments LLC · 6 yrs held
    Vernonia Investments LLC
    since 2020
    Last sale
    $180,000
    1 recorded transaction
    1969
    Zoning & alternative use
    VR:GC · Vernonia, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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