631-671 S Main St - Apartments FOR SALE


Lebanon, OR 97355
$5,000,000 USD
541-905-3258
631-671 S Main St, Lebanon, OR for Sale
$5,000,000 USD
Apartments - FOR SALE
1/8
null | 3.54% Cap Rate

631-671 S Main St
Lebanon, OR 97355


HIGHLIGHTS

  • Strong income stream from existing lease spaces
  • upside of 60 +/- hotel or apartment spaces over two floors
  • 0.37 acre off street parking

OVERVIEW

Historic downtown hotel established in 1910 approximately 33,612SF. the ground floor fronts 4 gas front retail spaces 100% occupied. The first and second floors are in renovation for an upside of 60+/- boutique hotel or apartment spaces. Many upgrades including new membrane roof in 2020, electrical and plumbing through-out. 10 apartment spaces are 100% occupied. This portfolio includes a 0.37 acre off street parking lot.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$154 USD /SF

# OF UNITS

60

PRICE/UNIT

$83,333

CAP RATE

3.54%

% LEASED

-

STATUS

Under Renovation

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1913

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

17,113 SF

ZONING

Central Business

APN/PARCEL ID

0187720,0187738

ASK ABOUT THIS PROPERTY

Bill FlesherKeller Williams RealtyMore Info
541-905-3258

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Bill FlesherKeller Williams RealtyMore Info
541-905-3258

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