1601 Main StCottage Grove, OR 97424

This exceptional 3,180 square foot mixed-use building, constructed in 2019 and renovated the same year, presents a lucrative investment opportunity in Cottage Grove, Oregon. Located on a high-visibility corner lot at 1601 E Main St, 97424, this property boasts a prime location near pharmacies, medical offices, Safeway, and numerous other retailers and restaurants. The building features two residential apartments upstairs, each a one-bedroom, one-and-a-half-bathroom unit with abundant cabinetry, stainless steel appliances, luxury vinyl plank (LVP) flooring, and private balconies. Both include in-unit laundry and pantries. Downstairs, two retail/office suites offer flexible space, potentially combinable for a larger tenant. Each commercial unit includes ADA-compliant half baths and both front and rear entrances, making them ideal for medical use given the proximity to nearby medical facilities. The property also includes a paved parking lot with nine spaces and a separate four-unit storage building. The asking price is $749,000, with a pro-forma cap rate of 6.60% and a pro-forma NOI of $49,413. The lot size is 0.28 acres, and the building is zoned C2. Currently, one commercial unit and one residential unit are rented, with the owner-occupant vacating upon sale. All financial data are estimates. Interior photos are available to qualified buyers.