502 Whiteaker AveCottage Grove, OR 97424
- Other commercial real estate
- 0.14 AC
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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