283 Columbia StMilton-Freewater, OR 97862

This exceptional multi-tenant office building, located at 283 N Columbia St in Milton-Freewater, Oregon, presents a compelling investment opportunity. The 10,500 square foot property, built in 1986, sits on a 1.06-acre lot and is zoned C-1. Currently boasting a strong tenant mix including the State of Oregon and a counseling practice, this building offers a stable income stream with a 10.09% cap rate and a pro-forma NOI of $109,427. The asking price is $1,085,000, translating to $103.33 per square foot. The property features a new HVAC system and ample parking. Its convenient location just off Highway 11 provides easy access to major transportation routes and is surrounded by established businesses such as Safeway, Blue Mountain Community College, and WaFD Bank. The building's four units offer flexibility, with potential for owner-occupancy of 1,000 to 2,200 square feet. This property is ideally situated, only 9 miles south of Walla Walla and 30 miles north of Pendleton, making it an attractive investment for both passive and owner-user investors. The modified lease structure provides additional flexibility.