118 Engle Ave - Storefront FOR SALE


Molalla, OR 97038
$425,000 USD
503-594-0805
118 Engle Ave, Molalla, OR for Sale
$425,000 USD
Storefront - FOR SALE
1/27
null | 6.78% Cap Rate

118 Engle Ave
Molalla, OR 97038


OVERVIEW

Versatile Commercial Property with Two Apartments In A Prime Location! Incredible investment opportunity in a bustling commercial corridor! This unique property offers the best of both worlds. There's a spacious commercial unit currently with two 26’x16’ salon-style suites, each equipped with a closet and private bathroom, plus an additional private office space. This commercial section features a separate entrance to maintain business privacy and flow. Additionally, there are two charming 1-bedroom apartments with their own private entrances, perfect for owner-occupancy or tenant rental. The residential units include living room/kitchens, a cozy bedroom, and a bathroom with a walk-in shower making this an ideal setup for live/work flexibility or added passive income. Strategically located in a high-traffic area, surrounded by thriving local businesses, it's the perfect setup to draw in clientele and benefit from surrounding activity. Zoned for various commercial uses – confirm specifics with the city. Don’t miss this chance to establish your business or expand your portfolio with a multi-use, income-producing property in a high-demand area!

FOR SALE DETAILS

PRICE

$425,000 USD

PRICE/SF

$211 USD /SF

CAP RATE

6.78%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,999 SF

ZONING

C1

APN/PARCEL ID

01099028

ASK ABOUT THIS PROPERTY

Nick ShiversKeller Williams Realty East PortlandMore Info
503-594-0805

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Nick ShiversKeller Williams Realty East PortlandMore Info
503-594-0805

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.