1381 2Nd StWarrenton, OR 97146

Property Details for 1381 2Nd St

Year built

1965

Lot size

0.59 AC

Property type

Other commercial real estate

APN

81022DA01000

APU

81022DA01000

Description

This exceptional 4,600-square-foot warehouse, situated on a 0.59-acre lot in Warrenton, Oregon (97146), presents a compelling owner-user opportunity. Built in 1965, this Class B industrial property boasts a 17-foot ceiling height and one dock-high door, facilitating efficient loading and unloading. The building features a six-inch concrete slab foundation with eight-inch stem walls and 2x6 full-height exterior studs. Some interior office space has been partitioned, offering flexibility for various business needs. Located conveniently adjacent to a major Warrenton retail center, this property is perfectly positioned for distribution, warehousing, or continued retail use. The property's C-1 zoning ensures versatility. The asking price is $750,000, translating to $163.04 per square foot. While the current NOI is $0, the pro-forma NOI is projected at $4,608, resulting in a pro-forma cap rate of 0.61%. The estimated occupancy date is August 16, 2024. Avoid construction delays and costs

• Alternative Use

  Use

  Valuation

  Residential

  $6,690,475

  Hospitality

  $6,128,439

  Educational

  $5,098,790

  Medical

  $5,274,144

  Retail

  $7,931,450

Location Insight

City

Warrenton

County

Clatsop

State

Oregon

Latitude

46.1629

Longitude

-123.903

CBSA code

11820

CBSA name

ASTORIA, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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