950 Bridge StVernonia, OR 97064

Property Details for 950 Bridge St

Year built

1935

Lot size

0.15 AC

Property size (Sq ft)

6,379 SF

Zone code

VR:GC

Property type

Retail properties

Property subtype

Retail space

APN

4405-AD-14100

APU

4405AD14100

Description

This 6,200 square foot commercial building is ideally situated on Highway 47, Vernonia's main thoroughfare. The property boasts excellent street-level visibility and ample on-street parking. Constructed primarily of brick and concrete block, the building features a pitched roof over the original flat roof. The original 3,500 square foot section dates back to 1935, with two subsequent additions expanding the space. The downtown zoning allows for a diverse range of commercial and mixed-use applications, offering considerable flexibility for potential buyers. The building could easily be divided into two to four separate units, with the possibility of incorporating living quarters. City utilities are readily available, including gas heat. The 0.15-acre lot offers a zero lot line, maximizing the building's footprint and exposure. Located in a thriving small town known for its outdoor recreation opportunities and antique shops, the property benefits from its proximity to Stub Stewart State Park and the Banks to Vernonia Linear and CZ trails. Importantly, the building sits well above the flood plain. Currently used as office and retail space. This presents a unique opportunity to acquire a well-established commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,132,722

  6.5%

  $1,968,666

  7%

  $1,828,047

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,174,931

  Geo Method

  $3,095,739

• Alternative Use

  Use

  Valuation

  Residential

  $1,660,644

  Hospitality

  $1,521,141

  Educational

  $1,265,571

  Medical

  $1,309,096

  Retail

  $1,968,666

Location Insight

City

Vernonia

County

Columbia

State

Oregon

Latitude

45.8589

Longitude

-123.196

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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