715 Dimmick StGrants Pass, OR 97526

Property Details for 715 Dimmick St

Year built

1963

Lot size

1.53 AC

Property size (Sq ft)

49,720 SF

Zone code

R-4

Property type

Office properties

Property subtype

Other office properties

APN

36-05-18-AA-007600

APU

360518AA007600

Description

This exceptional 4.05-acre redevelopment opportunity in Grants Pass, Oregon, presents a compelling investment prospect. Located at 715 NW Dimmick Street, the property includes a 19,541 square foot, two-story concrete building constructed in 1963. Currently housing Josephine County WIC and Public Health offices on one floor, and county maintenance on the lower floor, the property offers significant potential for redevelopment. The site boasts 59 public parking spaces (including 6 handicap-accessible spaces) and approximately 30 gated/private parking spaces. The property is zoned R-4, allowing for a wide array of multifamily or mixed-use development options. The existing building consists of two buildings on two stories, encompassing three units. The abundant, flat land surrounding the building presents a unique opportunity in a supply-constrained market. This property is being offered for $2,170,000. The sale includes a 4.05-acre lot. Prospective buyers are responsible for all due diligence, including environmental assessments, use permits, legal compliance, site planning, zoning verification, potential demolition costs, and all other relevant factors. Developers are encouraged to submit proposals for consideration.

• CAP approach

  CAP return

  Valuation

  6%

  $9,797,077

  6.5%

  $9,043,456

  7%

  $8,397,495

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,739,756

  Geo Method

  $12,739,756

• Alternative Use

  Use

  Valuation

  Residential

  $11,213,885

  Hospitality

  $10,271,859

  Educational

  $8,546,066

  Medical

  $8,839,978

  Retail

  $13,293,880

Location Insight

City

Grants Pass

County

Josephine

State

Oregon

Latitude

42.4466

Longitude

-123.332

CBSA code

24420

CBSA name

GRANTS PASS, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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