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Suites B and C 1318 9th St NW

7,721 SF Vacant Office Building Corvallis, OR 97330 $1,999,000 ($259/SF) 7.01% Cap Rate

Investment Highlights

  • High Traffic Counts
  • Proximity to 9th, downtown, and OSU
  • In Place income

Executive Summary

Located on the highest traffic artery in Corvallis, this three tenant office or retail site provides a new owner user some in-place income from the two remaining tenants to offset costs of ownership. End cap Suite 100 is available soon and at 3,411 sq ft provides 44% of the space to an owner user. Space also available for lease. At least 8 offices, conference room, waiting room, and a large area with a sink that is demisable into more offices. Includes break room/kitchenette and bathroom.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
7,721 SF
Building Class
B
Year Built
1998
Price
$1,999,000
Price Per SF
$259
Cap Rate
7.01%
NOI
$140,107
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,721 SF
Building FAR
0.38
Land Acres
0.47 AC
Zoning
CMU-2 - Mixed Use Community Shopping
Parking
21 Spaces (2.72 Spaces per 1,000 SF Leased)

Amenities

  • Signage
Walk Score ®
Very Walkable (78)
Bike Score ®
Biker's Paradise (100)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
074710
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$970,403
  • Listing ID: 32251173

  • Date on Market: 6/25/2024

  • Last Updated:

  • Address: 1318 9th St NW, Corvallis, OR 97330

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