300-310 SW 2nd St - Apartments FOR SALE


Corvallis, OR 97333
$2,000,000 USD
541-745-4050
300-310 SW 2nd St, Corvallis, OR for Sale
$2,000,000 USD
Apartments - FOR SALE
1/48
null | 5.89% Cap Rate

300-310 SW 2nd St
Corvallis, OR 97333


HIGHLIGHTS

  • Prime downtown location near new development
  • Top national campus market
  • Oregon's most rent burdened market

OVERVIEW

Rare opportunity to own (or lease) a mixed-use building in the heart of Corvallis. Right across from the post office and a block from a new $81 million dollar mixed development project, the Radcliffe is a great buy for an investor wanting to acquire a core asset in Oregon’s most rent burdened market and home to OSU, one of the top ten national campus markets for investors. The downstairs property manager tenant is vacating soon, which allows for a high visibility owner-user location for retail or office uses. • 10 MULTI FAMILY UNITS WITH SOME UPSIDE • THREE RETAIL/OFFICE TENANTS DOWNSTAIRS • ON A BLOCK SLATED FOR EVENTUAL REDEVELOPMENT • LARGE BASEMENT FOR STORAGE • IN THE HEART OF AN ALREADY-THRIVING DOWNTOWN THAT HAS MANY ONGOING REDEVELOPMENT PROJECTS • EVENTUAL OPPORTUNITY TO CHARGE NNN OR CAMS, AS WELL AS TENANT RUBS

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$171 USD /SF

# OF UNITS

10

PRICE/UNIT

$200,000

CAP RATE

5.89%

% LEASED

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Radcliffe Building

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1880

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

CMU-3

APN/PARCEL ID

12502AB02700,136394

ASK ABOUT THIS PROPERTY

Bjorn BeerSVN | Imbrie RealtyMore Info
541-745-4050

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Bjorn BeerSVN | Imbrie RealtyMore Info
541-745-4050

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