For Sale
$250,000

444 Broadway AveBurns, OR 97720

High-Yield Retail Property, 100% Occupied

Overview

Added:
Feb 11
Days on market:
55
This exceptional retail investment opportunity in downtown Burns, Oregon, presents a 5,088 square foot building on a 0.23-acre lot, featuring two separately metered units currently leased at 100% occupancy. Built in 1909 and renovated in 2019, the property boasts a 5.76% cap rate and a strong NOI of $14,400. The south unit showcases a remodeled interior with exposed beams, tongue-and-groove ceilings, polished concrete floors, and a large open showroom concept, while the north unit houses a long-standing, well-established business. Both units benefit from a shared rear parking area and separate HVAC systems installed in 2019. The property is zoned Commercial General and is ideally suited for an owner-user seeking a profitable venture or an investor looking for a low-maintenance, high-return investment in a revitalizing downtown area with high daily traffic. The month-to-month leases offer flexibility, and the property is eligible for a 1031 exchange. This is a rare opportunity to acquire a well-maintained, income-producing property in a growing Oregon community. The property's strong tenant base and prime location make it an attractive investment for both short-term and long-term growth.

Highlights

  • $250,000 asking price for a 5,088 square foot retail storefront in downtown Burns, Oregon.
  • 5.76% cap rate with a $14,400 annual net operating income (NOI).
  • 100% occupancy with two tenants on month-to-month leases.
  • Located on a 0.23-acre lot with ample parking.
  • Building features include a 2019 renovation, exposed beams, and polished concrete floors.
  • Property is zoned Commercial General and is suitable for a 1031 exchange.

Property Details for 444 Broadway Ave

Property type
Retail properties, Retail space
Square Feet
5,088 SF
Year Built/Renovated
1909/2019
Buildings
1
Stories
1
Lot Size (sq. ft)
10,019 SF
Units
2

Location Insight

City
Burns
County
Harney
State
Oregon
Latitude
43.5894391
Longitude
-119.0547949
444 Broadway Ave, Burns, Oregon

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444 Broadway Ave
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