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47393 Highway 58

7,000 SF 4% Leased Retail Building Oakridge, OR 97463 $749,000 ($107/SF) 14.42% Cap Rate

Investment Highlights

  • Highway 58 Frontage and Signage
  • Vacant and available space can be build to suit
  • Extra space and parking on over 3/4 acre lot
  • Owner willing to carry at favorable terms

Executive Summary

This is a unique property that offers a combination of commercial and residential space. This remarkable property in Oakridge, Oregon presents an excellent opportunity for those seeking a versatile investment. Situated on one lot with approximately 33,160 square feet, this property encompasses a nearly 4000 square feet grocery store and a spacious 2 story 2750 square foot home. The grocery store is the centerpiece of the property. With its strategic location coming into Oakridge. Adjacent to the grocery store is a charming residential home, providing both convenience and a unique living opportunity. Spanning 2750 square feet, the residence offers ample space for comfortable living. It includes 3 bedrooms, 3 bathrooms, a kitchen, a living room, a dining room, an office, a loft and other amenities essential for a cozy and functional home. The property itself features expansive parking spaces for customers, outdoor areas for seating or gardening, and storage facilities. The lot size provides room for potential expansion or customization, allowing the new owner to further enhance the property's value and potential. Located in the scenic town of Oakridge, residents and visitors alike can enjoy the natural beauty of the surrounding area. Oakridge offers a close-knit community, outdoor recreational activities such as hiking and biking trails, and a tranquil lifestyle away from the hustle and bustle of larger cities. Overall, this unique property presents an exciting opportunity to own a combined grocery store and home in Oakridge, Oregon, providing both commercial income potential and comfortable living arrangements in a picturesque setting.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Convenience Store
Building Size
7,000 SF
Building Class
C
Year Built/Renovated
1935/2010
Price
$749,000
Price Per SF
$107
Cap Rate
14.42%
NOI
$108,000
Percent Leased
4%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.20
Lot Size
0.80 AC
Zoning
C3 - Commercial and Residential
Parking
1.43 Spaces per 1,000 SF Leased

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0965093
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$273,638
  • Listing ID: 28725736

  • Date on Market: 6/11/2023

  • Last Updated:

  • Address: 47393 Highway 58, Oakridge, OR 97463

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