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1745 SW 24th St 6,356 SF Specialty Building Offered at $1,556,610 CAD at a 7.51% Cap Rate in Pendleton, OR 97801
Investment Highlights
- Prime Location in Pendleton's Medical and Office Corridor
- 100% Leased
- Solid Tenant Mix
- Close Proximity to Hwy 395
Executive Summary
Introducing a prime investment opportunity in Pendleton, this well-maintained 6,356 SF converted commercial use building is 100% leased with a solid tenant mix. Both tenants are on Modified Gross Leases. The roof was replaced in 2023 with recent updates to the interior flooring, paint, appliances, a bathroom addition and new furnaces installed. Strategically positioned on a large lot between CHI St. Athony Hospital and the Eastern Oregon Cancer Center, in C-3 zoning district, this property offers the ideal blend of location and potential. Offered at a 7.51% Cap rate.
Property Facts
| Price | $1,556,610 CAD | Building Class | C |
| Price Per SF | $244.90 CAD | Lot Size | 1.06 AC |
| Sale Type | Investment | Building Size | 6,356 SF |
| Cap Rate | 7.51% | No. Stories | 2 |
| Property Type | Specialty | Year Built | 2007 |
| Property Subtype | Schools | ||
| Zoning | C-3 - Commercial | ||
| Price | $1,556,610 CAD |
| Price Per SF | $244.90 CAD |
| Sale Type | Investment |
| Cap Rate | 7.51% |
| Property Type | Specialty |
| Property Subtype | Schools |
| Building Class | C |
| Lot Size | 1.06 AC |
| Building Size | 6,356 SF |
| No. Stories | 2 |
| Year Built | 2007 |
| Zoning | C-3 - Commercial |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 160270 | Improvements Assessment | $688,772 CAD |
| Land Assessment | $115,288 CAD | Total Assessment | $804,060 CAD |
Property Taxes
Parcel Number
160270
Land Assessment
$115,288 CAD
Improvements Assessment
$688,772 CAD
Total Assessment
$804,060 CAD
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1745 SW 24th St
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