233 SW 2nd St - Storefront FOR SALE


Corvallis, OR 97333
$2,648,505 USD
503-208-9396
233 SW 2nd St, Corvallis, OR for Sale
$2,648,505 USD
Storefront - FOR SALE
1/15
null | Request Cap Rate

233 SW 2nd St
Corvallis, OR 97333


HIGHLIGHTS

  • 27,879 SF across three floors and a basement in the heart of downtown, offering an owner-user to occupy or lease out a portion
  • Positioned next to the largest mixed-use development in downtown — The Gordon Corvallis
  • Acquire at a fraction of replacement cost
  • OSU-Anchored demand which has 26,000 students, faculty and staff
  • 1-mile population has grown 35.6% since 2020 and household income exceeds $91,000 within 3 miles!!!

OVERVIEW

233 SW 2nd Street is one of the most compelling owner-user acquisition opportunities in the Corvallis market today. This historic, multi-story commercial building delivers 27,879 square feet across three floors and a basement on a 0.23-acre downtown lot zoned CB — Central Business, the city’s most permissive commercial designation. Currently owner-occupied as a furniture store and delivered vacant at closing, the building offers an owner-user the rare ability to establish a flagship presence in the heart of downtown Corvallis while leasing unoccupied floors to generate income that offsets ownership costs from day one. The property sits directly adjacent to The Gordon Corvallis; the largest mixed-use development in downtown Corvallis in decades, projected to open in 2027 with apartments, a hotel, restaurants, and street-level retail. It will become a catalyst that will fundamentally reshape the pedestrian environment and commercial demand on this exact block.

FOR SALE DETAILS

PRICE

$2,648,505 USD

PRICE/SF

$138 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Department Store

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

CB

APN/PARCEL ID

136212

ASK ABOUT THIS PROPERTY

Carl GrendingSVN | Imbrie RealtyMore Info
503-208-9396

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Carl GrendingSVN | Imbrie RealtyMore Info
503-208-9396

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