21990 Highway 62 - Health Care FOR SALE


Shady Cove, OR 97539
$330,000 USD
541-890-6708
21990 Highway 62, Shady Cove, OR for Sale
$330,000 USD
Health Care - FOR SALE
1/40
null | Request Cap Rate

21990 Highway 62
Shady Cove, OR 97539


OVERVIEW

Merit Commercial Real Estate is pleased to exclusively present 21990 Highway 62, a single-tenant net lease medical clinic with excess land located in beautiful Shady Cove, Oregon (the "Property"). The Property is situated on two contiguous ±0.27 acre parcels totaling ±0.54 acres and features a ±1,766 SF medical clinic fronting Highway 62 with 7,000+ VPD. Prospective buyers should note that the Property is currently leased to AllCare, a leading integrated health organization in Southern Oregon, for $2,300/month on a triple net (NNN) basis with approximately 1.5 years remaining on the existing lease. Their significant financial backing, established long-term facilities around the region and growth demonstrates the popularity of its unique healthcare model. The ± 1,766 SF wood-frame building, originally built in 1955 has been the sole medical clinic located in Shady Cove for 50 years and has had recent improvements and features a functional medical office layout with many modern features. The building opens to a bright and welcoming reception/waiting area, four exam rooms, an open workspace, private office, a break room/kitchenette, room for storage and much more. Outside, the Property has 20 paved parking spaces located on the western side of the building. Access is very convenient with 2 left/right driveways off of the highway. The Property benefits from being the sole medical clinic in Shady Cove, high-visibility/monument signage, and abundant exterior space located to the north of the building - allowing for further development (buyers responsible for all due diligence), vehicle parking, or room for storage. Prospective buyers should note the possibility of splitting the lot, leasing excess land, or a variety of other options to maximize the Property's value which are currently not utilized. The opportunity at 21990 Highway 62 is clear for prospective buyers. The property is a well maintained with an existing tenant and functional medical office layout. Buyer is responsible for any and all due diligence. Contact the listing brokers today for additional information.

FOR SALE DETAILS

PRICE

$330,000 USD

PRICE/SF

$187 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

GC

APN/PARCEL ID

10271266,10271274

ASK ABOUT THIS PROPERTY

Scott KingMerit Commercial Real Estate LLCMore Info
541-890-6708

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Scott KingMerit Commercial Real Estate LLCMore Info
541-890-6708

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