700 E 2nd St
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700 E 2nd St
4,028 SF 100% Leased Retail Building The Dalles, OR 97058 $625,000 ($155/SF) 3.51% Cap Rate
Investment Highlights
- Two leasable spaces or operate your own business.
- Layout allows for wide range of tenants or businesses.
- Consistent downtown traffic.
Executive Summary
Need space to run your business or looking for a commercial investment in historic downtown The Dalles? This property consists of two leased spaces. One is a shop/garage space being used as an oil change and mechanic business while the other is office space for an insurance company. Corner lot, off street parking and consistent downtown traffic. All of this potential along with recent capital improvements makes this something to consider! Shown by appointment only. Please do not disturb tenant business operations.
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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
Building Size
4,028 SF
Building Class
C
Year Built
1950
Price
$625,000
Price Per SF
$155
Cap Rate
3.51%
NOI
$21,921
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.39
Lot Size
0.24 AC
Zoning
CBC - Central Business Commercial District
Parking
6 Spaces (1.49 Spaces per 1,000 SF Leased)
Walk Score ®
Very Walkable (74)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 04431 | Total Assessment | $372,256 (2024) |
| Land Assessment | $0 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2024) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
04431
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$372,256 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2022
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700 E 2nd St
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