221 Oregon StOntario, OR 97914

For Sale
$1,000,000

High-return retail investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment property, located at 221 Oregon St in downtown Ontario, Oregon (zip code 97914), presents a unique opportunity to acquire a mixed-use building with significant income potential. The 9,600 square foot building is currently 100% occupied, generating strong cash flow. The main level features a thriving local bar and a cell phone business operating under a modified lease agreement with a remaining term of two years. Ten upstairs studio apartments provide additional rental income, contributing to the property's robust financial performance. The multi-tenant structure offers diversification and built-in resilience. Situated in the heart of downtown Ontario, the property benefits from high visibility and convenient access to local amenities and transportation. This is an ideal investment for those seeking a stable, high-yield asset in a growing Oregon market. The asking price for this turnkey operation is $1,000,000. The property's prime location and diverse income streams make it a compelling investment opportunity with significant upside potential. This is a rare chance to acquire a well-established, profitable property in a desirable downtown location. The current tenants ensure immediate cash flow, minimizing vacancy risk. The property's strong occupancy rate and diverse tenant mix contribute to its financial stability and long-term value.

Highlights

  • Mixed-use building in downtown Ontario, OR (97914), 9,600 sq ft.
  • 100% occupied, generating strong cash flow.
  • Main level: bar & cell phone business (2-year lease remaining).
  • Ten upstairs studio apartments provide additional rental income.
  • Asking price: $1,000,000.

Location Insight

City
Ontario
County
Malheur
State
Oregon
Latitude
44.0286794
Longitude
-116.9626449
221 Oregon St, Ontario, Oregon

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221 Oregon St
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