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Additional details
Listed by Premiere Property Group, LLC
$3,500,000
Est. payment /mo
10,992 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,992 sqft
Price per Sqft $318
MLS Listing ID 341533610
Year Built 2026
Annual Tax Amount $520
Tax Year 2024
Property Sub-Type Commercial
Property Description
This is more than just an opportunity; this is an asset that'll keep paying out for years to come. Be an investor with these brand spanking new 8 apartments and 4-8 retail/business offices in downtown Gervais (tenant improvements to the retail shops/offices to be done by the leasee, leaseor can partly fund tenant improements if chooses). Luxury Apartments are 952 sqft 9' ceilings and feature beautiful kitchens, LVP flooring, granite countertops, stainless steel appliances, 2 bedroom, 2 baths with air-conditioning, washer/dryer hookup, balcony, and storage. The ground-level 4 unit retail/offices can be split from 3,376 sqft to 1,688 or even smaller to rent out, could be a hair salon, nails, chiropractic office, or accountant office, bring your dream and your ideas. The parking lot is also big enough to rent out to culinary food trailers/trucks. There is also an area on the south side of the parking lot that is approved for an 800sqft commercial building thats already plumbed for water and sewer.This is a "Gold Mine" of opportunity. Minutes from I-5, between Portland and Salem. Gervais is such a great community and has grown substantially, always having its own schools, Elementary up through High School. Seller is also willing to carry a contract on this for 20 years with a sizable down payment. The projected yearly gross income is over 250k. Super easy access to I-5 in Woodburn, which is in the middle between Portland and Salem. Don't let this phenomenal opportunity pass this up.
Location
State OR
County Marion
Area _170
Zoning COM
Interior
Heating None
Exterior
View City, Seasonal
Roof Type Composition
Garage No
Building
Story 3
Sewer Public Sewer
Water Public Water
Level or Stories 3
Others
Acceptable Financing CallListingAgent, Cash, Conventional, FHA, USDALoan, VALoan
Listing Terms CallListingAgent, Cash, Conventional, FHA, USDALoan, VALoan
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