439 Fir AveReedsport, OR 97467

Property Details for 439 Fir Ave

Year built

1923

Lot size

0.10 AC

Property size (Sq ft)

3,000 SF

Property type

Retail properties

Property subtype

Retail space

APN

21-12W-35CA-08000

APU

2112W35CA08000

Description

This exceptional 4,356 square foot commercial property is situated in the heart of revitalizing downtown Reedsport, Oregon. The building, boasting a brand new membrane roof, offers ample space ideal for a variety of commercial uses. Its strategic location next to a thriving cafe/market on a charming, flower-lined street, further enhances its appeal. The property's proximity to an art gallery, brewery, and distillery adds to its vibrant and attractive environment. Two secure, covered parking spaces, conveniently accessed from the alley, provide added convenience. The expansive warehouse/parking area offers significant flexibility for operations or expansion. This property presents a unique opportunity for entrepreneurs and investors alike. Its location within a Federal Opportunity Zone provides additional investment incentives. Priced at $140,000, this is a remarkable opportunity to own a substantial commercial space in a rapidly developing downtown area. The 0.1-acre lot provides ample space for outdoor activities or potential expansion. Don't miss this chance to be a part of Reedsport's exciting growth.

• CAP approach

  CAP return

  Valuation

  6%

  $867,989

  6.5%

  $801,221

  7%

  $743,991

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,937,099

  Geo Method

  $1,937,099

• Alternative Use

  Use

  Valuation

  Residential

  $675,860

  Hospitality

  $619,084

  Educational

  $515,070

  Medical

  $532,785

  Retail

  $801,221

Location Insight

City

Reedsport

County

Douglas

State

Oregon

Latitude

43.7024

Longitude

-124.098

CBSA code

40700

CBSA name

ROSEBURG, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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