532 Fir AveReedsport, OR 97467

Property Details for 532 Fir Ave

Year built

1956

Lot size

0.10 AC

Property size (Sq ft)

1,672 SF

Property type

Retail properties

Property subtype

Retail space

APN

21-12W-35CB-09000

APU

2112W35CB09000

Description

This exceptional 1,672 square foot storefront, located at 532 Fir Ave in Reedsport, Oregon (97467), is offered at $500,000. Built in 1956, this property boasts a highly visible corner lot with excellent road frontage, previously utilized as a gas station. All underground tanks have been removed, and a DEQ clearance report is available for review. The building features abundant natural light from numerous windows and offers versatile space suitable for a variety of retail businesses or even a food truck lot. Currently operating as a woodwork gallery and gift shop, this property presents a unique opportunity to establish or expand your business in a high-traffic area. Its strategic location ensures easy access and maximum visibility, attracting significant customer traffic. The property's price per square foot is $299.04. Adjacent properties at 542 Fir Ave (warehouse) and 563 Winchester Ave (warehouse with dwelling) are also available for purchase separately. This is a remarkable opportunity to acquire a well-located commercial property in Reedsport.

• CAP approach

  CAP return

  Valuation

  6%

  $483,760

  6.5%

  $446,548

  7%

  $414,651

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,079,610

  Geo Method

  $1,079,610

• Alternative Use

  Use

  Valuation

  Residential

  $376,680

  Hospitality

  $345,037

  Educational

  $287,066

  Medical

  $296,939

  Retail

  $446,548

Location Insight

City

Reedsport

County

Douglas

State

Oregon

Latitude

43.7017

Longitude

-124.099

CBSA code

40700

CBSA name

ROSEBURG, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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