405 N 1st St - Office FOR SALE


Lakeview, OR 97630
$230,000 USD
503-546-4527
405 N 1st St, Lakeview, OR for Sale
$230,000 USD
Office - FOR SALE
1/1
null | 8.4% Cap Rate

405 N 1st St
Lakeview, OR 97630


HIGHLIGHTS

  • Near central downtown Lakeview
  • Parking available: street & off-street
  • Easy access to U.S. Route 395 and Oregon Route 140
  • Restaurants, cafes, lodging, and shopping nearby
  • Minutes to Lakeridge Golf Course

OVERVIEW

Investment Offering: 1724 SF Single Tenant Office Investment near dowtown Lakeview OR on 2416 SF Lot. AmeriTitle has operated in Oregon since 1985 and leased this building prior to and since 2012. Current lease term 2.1.2025 to 1.31.2028 with (2) 3 year option to renew. NNN lease: Tenant pays all taxes, insurance, utilities,site and interior/exterior maintenance, and other charges including replacement of the roof (performed in 2023). Annual rent: $19,210.20 + 2% annual increases.

FOR SALE DETAILS

PRICE

$230,000 USD

PRICE/SF

$133 USD /SF

CAP RATE

8.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AmeriTitle

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

Commercial

APN/PARCEL ID

14182

ASK ABOUT THIS PROPERTY

Don DrakeMelvin Mark Brokerage CompanyMore Info
503-546-4527

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Don DrakeMelvin Mark Brokerage CompanyMore Info
503-546-4527

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