Listed by Tradition Real Estate Partners
$639,000
215 N Main St
Details
Property Type Office
Sub Type Executive Office, Professional Office
Square Footage 3,504
Units 3
Cap Rate 6.51%
NOI $41,590
Price per SqFt $182
Class C
Year Built 1910
Acreage 0.230
Zoning CG
Investment Type Owner/User
Office | 6.51% CAP | 3,504 SqFt
Marketing description
Introducing an exceptional income-producing opportunity in the picturesque town of Mount Angel, OR. This 3,504 SF building, built in 1910, includes a 1,904 SF owner-occupant opportunity alongside existing tenants that provide steady income, making it ideal for both investors and business owners. With CG zoning, this property offers a wide range of income-producing possibilities. Situated in the charming town of Mount Angel, investors can capitalize on the town's unique appeal and the draw of local patrons, including the town’s largest annual event, Oktoberfest, which brings thousands of visitors each year. The property also features an added parking lot in the back, providing convenience for customers and tenants. With high exposure on Main Street, this property promises excellent visibility. This rare gem embodies the perfect blend of historic charm, income potential, and prime location. Don’t miss the chance to be part of Mount Angel’s thriving commercial landscape with this distinguished property.
Located on the Northeast corner of Main and College St on the main thoroughfare of the City of Mt. Angel
Built in 1910, this 3,504 SF building includes a 1,904 SF owner occupant opportunity with tenants and income in place. CG zoned this property offers a wide range of income-producing possibilities.
This property features an added parking lot in the back, providing convenience for customers and tenants. With high exposure on Main Street, this location promises excellent visibility. A rare gem that embodies the perfect blend of historic charm. Don't miss the chance to be part of Mount Angel's thriving commercial landscape with this distinguished property.
Located in the heart of Mt.Angel’s charming downtown core, surrounded by popular establishments like Mount Angel Cellars & Vineyards and Blackberries LLC serving a walkable historic downtown in a city of 3.400 residents with a trade area population of 15,900 within 5 miles.
Convenient access via Oregon Route214/Main Street, with regional connectivity to I‑5 (~10miles west), Salem (18miles southwest), and Portland (~50miles northwest)
Investment highlights
- 3,504 SF Historic Building
- Built in 1910
- Owner Occupant Opportunity
- In Place Income with Fully Leased Suites
- CG Zoning for Versatile Usage
- Prime Location on Main Street
- Income Producing Investment Property
- High exposure for maximum visibility
- Charming town of Mount Angel, Oregon
- Added Parking lot for customer convenience
- Three Fully Leased Suites
Listing Contacts
Listed by Tradition Real Estate Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$41,590.00
$3,465.83/mo
Valuation Metrics
0
DSCR
6.51%
Cap Rate
6.51%
ROI
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