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Smith Building 209 S Old Pacific Hwy 2,772 SF 100% Leased Office Building Myrtle Creek, OR 97457 $401,878 CAD ($144.98 CAD/SF)
Executive Summary
Merit Commercial Real Estate is pleased to exclusively present 209 S Old Pacific Highway, a multi-tenant commercial building located in Tri-City, Oregon (the "Property").
The Property is comprised of ±2,772 SF total with three adjacent suites. Each suite spans ±900 SF, and is currently in a warm shell buildout. Each suite is plumbed for a private half-bathroom, and includes a wide-open clear span interior space, supporting a wide variety of commercial uses including professional service, medical office or small-format retail operations.
Depending on the future uses and needs of owner-users or tenants, the shell condition of the building offers buyers a strategic opportunity to retain three individual units or combine the adjacent suites to create one or two large units.
Situated on South Old Pacific Hwy, the Property benefits from high-visibility with ±77' of frontage. Access is convenient with a full movement shared driveway off the highway and a well-sized rear parking lot, shared between the subject Property and two other commercial buildings (not a part of this offering).
Within C2 (Community Commercial) zoning, the Property is positioned to serve a broad variety of uses suitable for owner-users or an investor seeking a value-add multi-tenant commercial asset.
Additionally, the surrounding area is characterized by an established commercial corridor including restaurants, automotive repair facilities, professional offices, medical offices, and some rural residential subdivisions. The Property is located near Interstate-5 access which also provides strong connectivity to the local region and greater Douglas County.
Buyers should note that the building is an attached multi-tenant retail building that shares a common wall along its southern side with an adjacent building on a separate parcel that is currently occupied by healthcare practitioners including chiropractic and acupuncture providers.
The opportunity at 209 S Old Pacific Highway is clear for prospective buyers. The Property is a multi-tenant commercial building positioned within a desirable area. Overall, the building is suitable for both owner-occupants and investors alike. The flexible layout, close proximity to I-5 and high-visibility could potentially offer future stable income for buyers. Buyer is responsible for any and all due diligence. Contact the listing brokers today for additional information.
The Property is comprised of ±2,772 SF total with three adjacent suites. Each suite spans ±900 SF, and is currently in a warm shell buildout. Each suite is plumbed for a private half-bathroom, and includes a wide-open clear span interior space, supporting a wide variety of commercial uses including professional service, medical office or small-format retail operations.
Depending on the future uses and needs of owner-users or tenants, the shell condition of the building offers buyers a strategic opportunity to retain three individual units or combine the adjacent suites to create one or two large units.
Situated on South Old Pacific Hwy, the Property benefits from high-visibility with ±77' of frontage. Access is convenient with a full movement shared driveway off the highway and a well-sized rear parking lot, shared between the subject Property and two other commercial buildings (not a part of this offering).
Within C2 (Community Commercial) zoning, the Property is positioned to serve a broad variety of uses suitable for owner-users or an investor seeking a value-add multi-tenant commercial asset.
Additionally, the surrounding area is characterized by an established commercial corridor including restaurants, automotive repair facilities, professional offices, medical offices, and some rural residential subdivisions. The Property is located near Interstate-5 access which also provides strong connectivity to the local region and greater Douglas County.
Buyers should note that the building is an attached multi-tenant retail building that shares a common wall along its southern side with an adjacent building on a separate parcel that is currently occupied by healthcare practitioners including chiropractic and acupuncture providers.
The opportunity at 209 S Old Pacific Highway is clear for prospective buyers. The Property is a multi-tenant commercial building positioned within a desirable area. Overall, the building is suitable for both owner-occupants and investors alike. The flexible layout, close proximity to I-5 and high-visibility could potentially offer future stable income for buyers. Buyer is responsible for any and all due diligence. Contact the listing brokers today for additional information.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
2,772 SF
Building Class
B
Year Built
2006
Price
$401,878 CAD
Price Per SF
$144.98 CAD
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
2,772 SF
Building FAR
0.28
Lot Size
0.23 AC
Zoning
C-2 - Community Commercial.
Parking
14 Spaces (5.05 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Meridian Acupuncture Llc
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Meridian Acupuncture Llc | Health Care and Social Assistance | - | - | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | R31590 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $278,558 CAD |
Property Taxes
Parcel Number
R31590
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$278,558 CAD
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Smith Building | 209 S Old Pacific Hwy
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