705 2nd St Halsey, OR 97348-9688
This exceptional commercial property at 705 W 2nd St, Unit 705, Halsey, OR, presents a high-value investment opportunity. The main building boasts 40,076 square feet of versatile space, ideal for single or multi-tenant occupancy. Previously used as a bank, the layout includes a substantial reception area (36' x 38'), a conference room, private office, a dedicated supply/server room, a spacious break room/kitchenette, and a bathroom. The property's significant advantage lies in its abundant parking, with over 20 spaces available, and a convenient drive-up service window. Adding to its potential, the sale includes an additional 0.46 acres of vacant land, offering significant expansion or redevelopment possibilities. The entire property is zoned Halsey Commercial, ensuring flexibility for a wide range of business uses. The 2,700 square feet of glass-front office or retail space is particularly attractive, offering excellent visibility and accessibility. This property is situated on a 0.23-acre lot and is priced at $425,000. This is a rare opportunity to acquire a substantial commercial property in a desirable location with significant growth potential.
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
Property description
Physical attributes from public recordsZoning & alternative use
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.