1050 SouthgatePendleton, OR 97801

Property Details for 1050 Southgate

Year built

1970

Lot size

0.68 AC

Property size (Sq ft)

7,256 SF

Zone code

C-3

Property type

Healthcare properties

Property subtype

Medical offices

APN

2N3216AD00600

APU

2N3216AD00600

Description

This exceptional 7,256 square foot office building, situated on a 0.68-acre lot in Pendleton, Oregon, boasts high visibility on Highway 395 (15,735 ADT in 2023). The property features 36 marked parking spaces with room for expansion. Originally an upgraded doctor's office with a 2002 addition serving as a multispecialty ambulatory surgery center (ASC), this versatile building is ideal for a variety of uses, including general business, retail, or specialized medical practices such as urgent care, dialysis, cancer treatment, or physical therapy. The building is divided into two distinct spaces with separate entrances, offering flexibility to operate independently or as a single unit. One space includes a large reception area, six exam rooms with sinks, four additional offices or exam rooms (without sinks), a sizable minor surgery room, four restrooms (one with a shower, two ADA compliant), a storage room, employee break room, lab/record area, and a large adaptable former optical retail space. The second space comprises a reception area, two exam rooms, two ADA-compliant restrooms (one with a shower), two extra-large rooms suitable for operating rooms (ORs), a large open six-bay recovery area with a nurse station, cleaning/sanitizing room, sterilizing room with a large autoclave, storage room, men's and women's pass-through locker areas, employee break room, three business offices, a conference room, laundry and janitor facilities, and dedicated medical gas, vacuum, and mechanical rooms. The facility is fully compliant with ADA, HVAC, fire, medical gas, and automatic back-up generator ASC codes. The property presents a unique opportunity for a business seeking a well-maintained, adaptable space in a high-traffic location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,478,532

  6.5%

  $1,364,799

  7%

  $1,267,314

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,547,052

  Geo Method

  $1,547,052

• Alternative Use

  Use

  Valuation

  Residential

  $1,692,351

  Hospitality

  $1,550,184

  Educational

  $1,289,735

  Medical

  $1,334,091

  Retail

  $2,006,255

Location Insight

City

Pendleton

County

Umatilla

State

Oregon

Latitude

45.656

Longitude

-118.81

CBSA code

25840

CBSA name

HERMISTON-PENDLETON, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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