812 4Th StCorvallis, OR 97333

Property Details for 812 4Th St

Year built

1928

Lot size

0.07 AC

Property size (Sq ft)

2,016 SF

Zone code

GC

Property type

Office properties

Property subtype

Other office properties

APN

11535AC00600

APU

11535AC00600

Description

This exceptional 2,040 square foot office space, located at 812 SW 4th St, Corvallis, offers a unique blend of historic charm and modern functionality. Built in 1926, this single-tenant building features a traditional office layout spread across two stories. The main floor includes one office, while two additional rooms are situated upstairs. A full bath and kitchen are conveniently located within the space. Adding to its versatility, an unfinished basement provides ample potential for expansion or storage. The property includes four parking spaces in a shared private lot, a significant advantage in a bustling area. Zoned CMU-3 in Benton County, this property is ideally situated just 1.7 miles from Oregon State University and 1.3 miles from downtown Corvallis, providing excellent access to a vibrant community and a large potential customer base. The monthly rent is $3,500, and lease terms are negotiable. Utilities are the responsibility of the tenant. This property presents a compelling opportunity for a variety of office or service-based businesses, and the potential for conversion to commercial space with living quarters adds further appeal. The building's convenient location and versatile layout make it an attractive option for businesses seeking a prominent presence in Corvallis.

• CAP approach

  CAP return

  Valuation

  6%

  $370,365

  6.5%

  $341,875

  7%

  $317,456

• Comparable approach

  Method

  Valuation

  Relative Method

  $317,528

  Geo Method

  $516,560

• Alternative Use

  Use

  Valuation

  Residential

  $423,925

  Hospitality

  $388,313

  Educational

  $323,072

  Medical

  $334,183

  Retail

  $502,557

Location Insight

City

Corvallis

County

Benton

State

Oregon

Latitude

44.5718

Longitude

-123.259

CBSA code

18700

CBSA name

CORVALLIS, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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