The Hall Building | 320 Central Ave
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The Hall Building 320 Central Ave
41,770 SF 90% Leased Office Building Coos Bay, OR 97420 $999,000 ($24/SF) 6.38% Cap Rate
Investment Highlights
- 2nd TALLEST/LARGEST BUILDING IN DOWNTOWN COOS BAY!
- Multi-tenant property with room to increase revenue.
- Huge square footage along high foot traffic area.
Executive Summary
Explore the pinnacle of downtown Coos Bay's prestige embodied by the iconic Hall Building, boasting over 40,000 square feet of unparalleled commercial space. This distinguished structure offers a remarkable five-story arrangement of leased office spaces, each exuding its unique character, complemented by an exclusive private parking lot. The timeless allure of 1920s architecture is celebrated within, showcased by an impressive grand lobby adorned with luxurious marble tile and an elegant brass elevator.Distinguished by a diverse tenant base operating on annual leases, the Hall Building ensures a consistent positive cash flow, presenting a turnkey investment opportunity that seamlessly aligns with your portfolio goals. Recent upgrades including several remodeled bathrooms, a newer natural gas boiler, and a new roof installed in 2022/2023 add value and peace of mind to this prestigious property.Convenience is paramount, as the property provides a private parking lot with 30 reserved spots alongside adjacent public parking. Offering approximately 50 leaseable office spaces, the building's expansive layout encompasses over 40,000 square feet, providing versatility to accommodate various business needs. Elevate your investment portfolio with the Hall Building - an emblem of historical charm and boasting extensive square footage. Repairs in process - get in now or price will go up as they make progress.
Financial Summary (Pro forma - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
41,770 SF
Building Class
C
Year Built
1924
Price
$999,000
Price Per SF
$24
Cap Rate
6.38%
NOI
$63,714
Percent Leased
90%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
8,354 SF
Building FAR
2.08
Lot Size
0.46 AC
Zoning
C-1 - Extremely flexible usage. Retail, residential, medical, office, professional, and more.
Parking
30 Spaces (0.72 Spaces per 1,000 SF Leased)
1 of 1
Walk Score ®
Very Walkable (78)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $783,130 (2024) | |
| Land Assessment | $0 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$783,130 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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The Hall Building | 320 Central Ave
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