2,658 SF Corner Retail Building | 15%+ Cap Rate Potential
Owner-User or Investment Opportunity | Flexible C2 Zoning | High-Traffic Oregon Corridor
Marketing description
Rare opportunity to acquire a renovated, multi-tenant retail building in the heart of Oregon, OH's primary commercial corridor. Offered at just $62.45/SF, this 2,658 SF freestanding building sits on a high-visibility corner lot at Woodville Rd and Brown Rd — one of the most active intersections in the Oregon market — and presents an exceptional value-add or owner-user opportunity.
The building is currently demised into two retail suites. The larger 1,878 SF suite is available for lease at $12.00/SF/yr and the smaller 780 SF suite at $16.00/SF/yr, both on Modified Gross terms, generating up to $35,016 in gross annual income when fully occupied. With tenant responsibilities covering utilities, trash, snow removal, and interior maintenance, ownership expenses remain lean. Combined 2026 property taxes across both parcels total just $2,695 — an exceptionally low carrying cost for a building of this size and visibility.
Updated in 2022 with new flooring, fresh exterior paint, and updated canopy lighting, the property presents well. The building features 30+ parking spaces, two curb cuts for easy access off both Woodville Rd and Brown Rd, available pylon signage, and 422 feet of combined corner frontage — giving tenants and ownership maximum exposure to over 10,391 vehicles passing daily.
Located just over 1 mile north of I-280 (38,478 VPD), the site benefits from strong regional accessibility and sits within an established retail corridor anchored by national and regional tenants including KFC, Dollar General, Dunkin', O'Reilly Auto Parts, Arby's, and Huntington Bank. With 116,358 residents within 5 miles and an average household income of $72,066 within 1 mile, the surrounding consumer base is both sizable and stable.
General Commercial (C2) zoning supports a wide variety of uses, broadening appeal to both investors and owner-users alike. Whether you're looking to occupy one suite and lease the other, stabilize and hold, or reposition entirely — this property offers the flexibility, visibility, and value to make it work.
Investment highlights
- Priced at $62.45/SF — well below replacement cost
- 15%+ pro forma cap rate when fully occupied
- $31,896 gross annual income potential at full occupancy
- Combined 2026 property taxes of just $2,695/yr across both parcels
- Modified Gross leases — tenants cover utilities, trash, snow removal & interior maintenance
- Two suites available: 780 SF and 1,878 SF — lease one, occupy the other
- Renovated in 2022 — new flooring, exterior paint & canopy lighting
- 422 ft of corner frontage with pylon signage available
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
