A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 0-9

936 Main Street

Square Footage: 14,041 sq/ft 0.51 acre
Address: 936 Main Street
Contact Information: Highlights: Stabilized rent roll. Tenants have been at this location for 8 years and 31 years. Significant upside in leasing the vacant space. Well maintained. Description: The cap rate is 7.5% based on current income. By leasing up just half of the 4,086 SF vacancy at the same rate, the cap rate increases to 9.6%.This is a mixed use property with a thrift store (ARC) that has been at this location for 31 years, and a machine shop that has been at this location for six years. Located seven miles west of Corvallis on the highway to Newport, Philomath benefits from proximity to both Oregon State University and Hewlett Packard. In addition, a realignment of Highway 20 is underway that will shave 15 to 20 minutes off the drive from Corvallis to Newport, drawing additional traffic through Philomath. Philomath' s diverse employment base is home to an oceanographic measuring equipment manufacturer, a solar panel manufacturer, a supplier of RNA and DNA used for genetic testing, research and forensics, and several sawmills. The name Philomath, which translates from Greek as lover of learning , is appropriate for a city where over half the adult population has some college education. The population of Philomath grew at a healthy rate of over 19% from 2000 to 2010, the last figures available. $540,000 - Contact Dann Wonser 503.227.2500
Located in: For Sale