84984 Highway 11Milton-Freewater, OR 97862

Property Details for 84984 Highway 11

Year built

1981

Lot size

3.17 AC

Property size (Sq ft)

12,422 SF

Zone code

RRSC

Property type

Retail properties

Property subtype

Retail space

APN

6N3524C001200

APU

6N3524C001200

Description

This exceptional commercial property, located at 84984 HWY 11 in Milton-Freewater, Oregon, presents a unique investment opportunity. The 13,490 square foot property sits on a generous 3.17-acre lot, offering significant potential for a variety of uses. Boasting excellent highway visibility with 329 linear feet of frontage on Highway 11 and access from Ferndale Road, this location ensures high traffic exposure. The main building's adaptable layout allows for creative reconfiguration to suit diverse business needs. Currently vacant, the property includes four existing 1000 square foot (more or less) retail spaces, each with its own bathroom, easily divisible into smaller units. Adding to its versatility, a 40 x 48 foot warehouse is situated at the rear of the property. This combination of retail space and warehouse capacity makes this property ideal for a range of businesses seeking a prominent location with ample space. The asking price is $449,000. The property's zoning and potential uses should be verified independently. This is a rare opportunity to acquire a substantial commercial property in a desirable location with significant development potential. The property is located in Umatilla County, Oregon, zip code 97862.

• CAP approach

  CAP return

  Valuation

  6%

  $3,720,852

  6.5%

  $3,434,633

  7%

  $3,189,302

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,674,206

  Geo Method

  $6,674,206

• Alternative Use

  Use

  Valuation

  Residential

  $2,897,241

  Hospitality

  $2,653,858

  Educational

  $2,207,978

  Medical

  $2,283,914

  Retail

  $3,434,633

Location Insight

City

Milton Freewater

County

Umatilla

State

Oregon

Latitude

45.9799

Longitude

-118.388

CBSA code

25840

CBSA name

HERMISTON-PENDLETON, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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