502 Whiteaker AveCottage Grove, OR 97424

  • Other commercial real estate
  • 0.14 AC
For Sale
$215,000 View listing

Property Details for 502 Whiteaker Ave

Lot size
0.14 AC
Zone code
C2-CENTRAL BUSINESS
Property type
Other commercial real estate
APN
20-03-28-31-15400-000
APU
2003283115400000

Description

This 835-square-foot medical office building, located at 502 E Whiteaker Ave, Cottage Grove, OR 97424, presents a unique owner-user opportunity. Built in 1955 and renovated in 2018, the property boasts a Class C rating and sits on a 6,098-square-foot lot. The single-story building features one unit with a current occupancy of 100%, commencing August 1, 2019. The asking price is $215,000, translating to $257.49 per square foot. The property includes eight parking spaces and is zoned C2. Interior features include updated ductless heat/AC, modern fixtures and plumbing, exam rooms, and a reception area. The current lease is a gross lease for one year, starting January 1, 2024, and expiring December 31, 2024. The current owner is open to a month-to-month leaseback agreement, and the lease rate is negotiable. Its prime location, just one block from Main Street, makes it ideal for a variety of medical, retail, or office uses, including but not limited to a small medical practice, massage therapist (LMT), or veterinary clinic. The property's APN is 893469.

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,376,935
    Hospitality
    $1,261,265
    Educational
    $1,049,358
    Medical
    $1,085,447
    Retail
    $1,632,334
502 Whiteaker Ave, Cottage Grove, Oregon

Location Insight

City
Cottage Grove
County
Lane
State
Oregon
Latitude
43.7983
Longitude
-123.063
CBSA code
21660
CBSA name
EUGENE-SPRINGFIELD, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,351
-
-
$73,112
-
$139,349
$46,290
$185,639

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