1919 Washington AveBaker City, OR 97814

Property Details for 1919 Washington Ave

Year built

1923

Lot size

0.02 AC

Property size (Sq ft)

1,010 SF

Zone code

BHD; BAKER HISTORICAL

Property type

Retail properties

Property subtype

Retail space

APN

09S4017DD 4900

APU

09S4017DD4900

Description

This meticulously renovated 1,010 square foot storefront at 1919 Washington Ave in Baker City, Oregon, presents a unique opportunity to own a piece of history. Built in 1923 and renovated in 2020, this single-story building offers a captivating blend of old-world charm and modern convenience. The property features exposed original brick walls, large double-paned windows providing ample natural light, and a practical layout including a utility sink. Additional alley access enhances functionality. Located in Baker City's bustling Historic District, this prime street frontage location ensures high visibility. The property is currently 100% occupied under a gross lease with five years remaining on the single tenancy. The asking price is $245,000, translating to $242.57 per square foot. Annual property taxes are approximately $1,200. This turnkey retail space is ideal for a variety of businesses and represents an affordable investment in a thriving downtown location. The business name and inventory of the previous tenant, Vintage Honey, are available.

• CAP approach

  CAP return

  Valuation

  6%

  $302,533

  6.5%

  $279,261

  7%

  $259,314

• Comparable approach

  Method

  Valuation

  Relative Method

  $542,662

  Geo Method

  $542,662

• Alternative Use

  Use

  Valuation

  Residential

  $235,567

  Hospitality

  $215,778

  Educational

  $179,525

  Medical

  $185,699

  Retail

  $279,261

Location Insight

City

Baker City

County

Baker

State

Oregon

Latitude

44.777

Longitude

-117.83

Property Tax & Assessments

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