1960 G StGrants Pass, OR 97526

Property Details for 1960 G St

Year built

1970

Lot size

1.02 AC

Property size (Sq ft)

9,451 SF

Zone code

GC; GENERAL COMM

Property type

Retail properties

Property subtype

Other individual retail properties

APN

36-06-13-AD-003600

APU

360613AD003600

Description

This exceptional mixed-use property in Grants Pass, Oregon, presents a unique investment opportunity. Located at 1960 SW G St, this 11,951 square foot building sits on a 1.09-acre lot and boasts a desirable GC zoning designation. The property features three units: a fully renovated commercial space previously occupied by a physical therapist, offering four treatment rooms, a main office, kitchenette, large open area, two bathrooms, and a laundry room. A second, sizable commercial area is ready for build-out, ideal for a gym or other business. Two completely remodeled residential units provide additional income streams. One unit includes three bedrooms, one bathroom, a kitchen, and laundry; the other offers two bedrooms, one bathroom, a kitchen/living area, and a large outdoor deck. Ample parking is available with over 40 spaces. The building, constructed in 1970, is a two-story structure. The asking price is $1,700,000, translating to $142.25 per square foot. This property offers a blend of commercial and residential income potential, making it an attractive investment in a thriving Oregon community. The property is currently vacant, allowing for immediate occupancy and customization.

• CAP approach

  CAP return

  Valuation

  6%

  $2,737,516

  6.5%

  $2,526,938

  7%

  $2,346,442

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,102,507

  Geo Method

  $6,102,507

• Alternative Use

  Use

  Valuation

  Residential

  $2,131,567

  Hospitality

  $1,952,504

  Educational

  $1,624,460

  Medical

  $1,680,328

  Retail

  $2,526,938

Location Insight

City

Grants Pass

County

Josephine

State

Oregon

Latitude

42.4409

Longitude

-123.351

CBSA code

24420

CBSA name

GRANTS PASS, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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