700 Dimmick StGrants Pass, OR 97526

Property Details for 700 Dimmick St

Year built

1986

Lot size

0.23 AC

Property size (Sq ft)

8,848 SF

Zone code

R-4

Property type

Office properties

Property subtype

Other office properties

APN

36-05-18-AB-003201

APU

360518AB003201

Description

This 2.27-acre property in Grants Pass, Oregon, offers a compelling redevelopment opportunity. The site includes a 2-story, approximately 8,764 square foot concrete office building currently occupied by Josephine County offices. The building features abundant parking, landscaping, skylights, and mountain views. The property is zoned R-4 and R-1-6, allowing for a wide array of multifamily or mixed-use development options. This presents significant upside potential in a supply-constrained market. The existing building, built in 1980, contains two units and is situated on a 2.27-acre lot (APN R311080). The property is part of a larger campus and can be purchased individually or with an adjacent 4.05-acre parcel. The asking price is $1,430,000. Prospective buyers are responsible for all due diligence, including environmental, use, legality, site planning, zoning, and demolition considerations. Developers are encouraged to submit proposals.

• CAP approach

  CAP return

  Valuation

  6%

  $1,743,453

  6.5%

  $1,609,341

  7%

  $1,494,388

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,267,123

  Geo Method

  $2,267,123

• Alternative Use

  Use

  Valuation

  Residential

  $1,995,583

  Hospitality

  $1,827,944

  Educational

  $1,520,828

  Medical

  $1,573,131

  Retail

  $2,365,732

Location Insight

City

Grants Pass

County

Josephine

State

Oregon

Latitude

42.4467

Longitude

-123.333

CBSA code

24420

CBSA name

GRANTS PASS, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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