818 Airport Rd Pendleton, OR 97801-4603

Property Details for 818 Airport Rd

Year built

1969

Lot size

1.16 lot acres

Property size

3,720 SF

Zone code

M-1

Property type

Warehouses

APN

2N32050000305

APU

2N32050000305

Description

This exceptional investment opportunity presents a 3,720 square foot mixed-use property located at 818 Airport Rd, Pendleton, Oregon, 97801. The property, situated on a 1.16-acre lot (APN 106536), consists of a warehouse (1,920 sq ft, built 1969, renovated 2017) and a newer office space (1,800 sq ft, built 2017). The warehouse features ceiling heights ranging from 13 to 16 feet, while the office boasts 10-foot ceilings. Heating is provided by electric radiant heat with forced air backup in the office and gas-fueled air blowers in the warehouse. The property is zoned M1 and offers nine parking spaces. This turnkey operation includes an established and growing plumbing business, a U-Haul Neighborhood Dealer franchise, all equipment, and inventory. The business boasts a strong management team and staff, ensuring a smooth transition for the new owner. Financial records indicate a strong performance, with a Net Operating Income (NOI) of $241,651 and a cap rate of 19.33%. The asking price is $1,250,000 ($336.02 per square foot). The seller is open to financing options, including carrying the land and building with the purchase of the business and assets. This is a rare opportunity to acquire a profitable, established business along with a well-maintained property in a desirable location.

Location Insight

City

Pendleton

County

Umatilla

State

Oregon

Longitude

-118.839

Latitude

45.6789

CBSA code

25840

CBSA name

HERMISTON-PENDLETON, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments