205 E California St - Retail FOR SALE


Jacksonville, OR 97530
$1,500,000 USD
541-944-9967
205 E California St, Jacksonville, OR for Sale
$1,500,000 USD
Retail - FOR SALE
1/62
null | Request Cap Rate

205 E California St
Jacksonville, OR 97530


HIGHLIGHTS

  • Last Development Site in Downtown Jacksonville
  • Heavy foot and vehicle traffic

OVERVIEW

Merit Commercial Real Estate is pleased to exclusively present for sale 205 E. California Street, a truly iconic property in beautiful Jacksonville, Oregon (the "Site"). An extraordinarily visible property in downtown Jacksonville, 205 E. California Street presents the opportunity to control the very last developable site with frontage in Jacksonville. The Site's 'main and main' location at the hard corner of E. California Street and N. 4th Street is stunningly ideal, and commands prominent frontage at the very entrance of downtown Jacksonville. Originally built in 1950, the Site is a historical landmark in the region, and is very 'well-known' by locals and tourists alike. Formerly a long-standing gas station and auto repair shop, every square foot of the Site is rich in history; prospective developers should note the property is not on an historic registry. A strong highlight of the Site is easy access - a dedicated driveway off of E. California Street (the main thoroughfare of Jacksonville), serves the Site, and allows for left/right ingress and egress. Street parking is abundant on both E. California Street as well as on N. 4th Street. Parking requirements for sites in the historic core is flexible, and may allow for minimal or no off-street parking (buyer to confirm). While the site lends itself to a ground-up mixed-use development, developers are by no means limited to that use; adaptive re-use of the existing structure or other proposals could be considered. Jacksonville, Oregon, has seemingly a permanent spot on many 'best of' lists, including HGTV's "50 of the Most Charming Small Towns in America" and Family Destinations Guide's "Best Small Towns in America for Families". The historical gold mining town has carved out a 165+ year history of charm, slow and steady growth, and consistently growing tourism. Known environmental conditions (2 USTs) were removed in the early 1990s; the Site is believed to be 'clean', but it is the responsibility of the buyer to confirm environmental status. 205 E. California Street is truly a generational opportunity to control one of a very small handful of prominent frontage sites in Jacksonville.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$577 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

HC

APN/PARCEL ID

10005146,10005187

ASK ABOUT THIS PROPERTY

Caspian HoehneMerit Commercial Real Estate LLCMore Info
541-944-9967

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Caspian HoehneMerit Commercial Real Estate LLCMore Info
541-944-9967

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