20988 S Highway 211 - Specialty FOR SALE


Colton, OR 97017
$1,655,000 USD
503-226-6500
20988 S Highway 211, Colton, OR for Sale
$1,655,000 USD
Specialty - FOR SALE
1/2
null | 7.35% Cap Rate

20988 S Highway 211
Colton, OR 97017


OVERVIEW

Recently extended Lease Agreement through April 2031. New high-wind rated roof installed September 2025. 30 Year manufacturers warranty. New interior and exterior paint completed August 2025 Long-term tenancy with the USPS. Current Base Rent: $60,000.00 per year (Expires 5/13/2026) Future Base Rent: $134,845.00 per year (5/14/2026 to 4/30/2031) USPS Landlord Maintenance Rider Site includes vacant land neighboring the property that was formerly a single family residence. Excellent upside with future development. Contact us for more details.

FOR SALE DETAILS

PRICE

$1,655,000 USD

PRICE/SF

$460 USD /SF

CAP RATE

7.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Colton Post Office

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,200 SF

ZONING

RC, Colton

APN/PARCEL ID

01116544

ASK ABOUT THIS PROPERTY

David ParrParr Financial CorporationMore Info
503-226-6500

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David ParrParr Financial CorporationMore Info
503-226-6500

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