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1124 Adams Ave
La Grande, OR 97850

The Laurence Building · Retail Property For Sale

Executive Summary

You can own a piece of history in La Grande, Oregon. This fully-occupied building situated on the corner of a major intersection in the heart of downtown is high-visibility and high-functioning. Featuring four stable and long-term businesses on the street level that bring great exposure and foot traffic, and four one-bedroom apartments upstairs each with long-term tenants. The upstairs common area was recently fully remodeled and also features a coin-operated laundry room. Other recent updates include in the installation of mini-split systems for climate control throughout the building, the installation of fiber internet, and the complete remodel of one of the apartments - including windows. This building has a rich past of being a major contributor to the success and viability of downtown La Grande, and its historic charm and benefit to downtown continues to shine brightly today thanks to careful ownership and management throughout the years. Call you agent today for more information, and to set up your private showing.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
9,960 SF
Building Class
C
Year Built
1895
Price
$1,000,000
Price Per SF
$100
Cap Rate
3.61%
NOI
$36,080
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.52
Lot Size
0.15 AC
Zoning
LG-CB

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03S3805CC-9400-0-132
Land Assessment
$70,570
Improvements Assessment
$192,040
Total Assessment
$262,610
  • Listing ID: 32339536

  • Date on Market: 7/3/2024

  • Last Updated:

  • Address: 1124 Adams Ave, La Grande, OR 97850

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