Suites B and C | 1318 9th St NW
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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
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
1 of 1
Walk Score ®
Very Walkable (78)
Bike Score ®
Biker's Paradise (100)
PROPERTY TAXES
Parcel Number | 074710 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $970,403 |
PROPERTY TAXES
Parcel Number
074710
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$970,403
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Suites B and C | 1318 9th St NW
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