1240-1244 SW 4th Ave - Freestanding FOR SALE


Ontario, OR 97914
$538,000 USD
208-739-2484
1240-1244 SW 4th Ave, Ontario, OR for Sale
$538,000 USD
Freestanding - FOR SALE
1/2
null | Request Cap Rate

1240-1244 SW 4th Ave
Ontario, OR 97914


OVERVIEW

This listing showcases a prime investment opportunity with Enterprise Rent-A Car & an Automotive Detail Shop presently leased by Enterprise, also an additional storage building with a potential for conversion into mini storages. Enterprise has signed a new five-year lease starting on 1/1/25, demonstrating their reliability as a tenant in this high traffic area. The property enjoys excellent visibility from SW 4th Ave. The back building, with ample square footage (1200sqft), offers significant potential to generate additional income, especially after confirmation from the City of Ontario that it can be converted into mini storages. Specifically, the Enterprise Rent-A-Car location is 1050sqft and occupies a lot size of 17,994sqft. There is plenty of room for additional development. Enterprise Automotive Detail Shop is 2688sqft & the lot size is 4988sqft & has excellent alley access. With the renewed lease and strategic location, this property has a favorable long term tenant history and is in a hi-traffic area.

FOR SALE DETAILS

PRICE

$538,000 USD

PRICE/SF

$109 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,380 SF

ZONING

O-C1

APN/PARCEL ID

2485

ASK ABOUT THIS PROPERTY

Rashelle BoyerPremier Group Realty WestMore Info
208-739-2484

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

Rashelle BoyerPremier Group Realty WestMore Info
208-739-2484

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