Cole Carter Building | 1904 Elm St
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Cole Carter Building 1904 Elm St
3,936 SF 100% Leased Office Building Forest Grove, OR 97116 $775,000 ($197/SF)
Investment Highlights
- Great visibility & signage
- Just south of Pacific University
- Metal roof
- Corner location
- HVAC units
Executive Summary
SALE PRICE REDUCED!
**DO NOT DISTURB TENANTS**
Norris & Stevens is pleased to present the sale of the Cole Carter Building, an approx. 3,936 SF office/retail building in the heart of Forest Grove, OR. Olson’s Bicycles has operated in the corner suite of property for over 20 years and is currently joined by a great mix of four tenants. The property sits on two tax lots totaling approximately 14,168 square feet of land at the corner of Elm Street and 19th Avenue, south of Pacific University. The 1,000 SF bike shop space will be vacant upon sale and presents an excellent owner user opportunity.
**DO NOT DISTURB TENANTS**
Norris & Stevens is pleased to present the sale of the Cole Carter Building, an approx. 3,936 SF office/retail building in the heart of Forest Grove, OR. Olson’s Bicycles has operated in the corner suite of property for over 20 years and is currently joined by a great mix of four tenants. The property sits on two tax lots totaling approximately 14,168 square feet of land at the corner of Elm Street and 19th Avenue, south of Pacific University. The 1,000 SF bike shop space will be vacant upon sale and presents an excellent owner user opportunity.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
3,936 SF
Building Class
C
Year Built
1994
Price
$775,000
Price Per SF
$197
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,968 SF
Slab To Slab
9’
Building FAR
0.28
Lot Size
0.33 AC
Zoning
TCT - Town Center Transition, Forest Grove: A mix of retail, office, light industrial and residential uses are allowed in the TCT zone.
Parking
8 Spaces (2.03 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
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Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | R0418300 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $273,780 |
PROPERTY TAXES
Parcel Number
R0418300
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$273,780
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Cole Carter Building | 1904 Elm St
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