For Sale
$1,999,000

1318 9Th StCorvallis, OR 97330

High-traffic, income-producing office space.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 7,721 square foot Class A office building, located at 1318 NW 9th Street in Corvallis, Oregon, presents a unique owner-user opportunity. Built in 1998 and renovated in 2022, the property boasts a prime location on a high-traffic commercial artery, offering excellent visibility and signage opportunities. Currently housing two tenants, generating a pro-forma NOI of $140,107 and a 7.01% cap rate, this investment provides immediate income while offering significant expansion potential. The available 3,411 square foot end-cap suite (Suite 100) comprises approximately 44% of the building, ideal for an owner-occupier. This versatile space features at least eight offices, a conference room, waiting room, a large demisable area with a sink, a break room/kitchenette, and a bathroom. The property sits on a 0.47-acre lot, zoned CMU-2, allowing for a wide range of commercial uses. Its proximity to Oregon State University (OSU) further enhances its appeal, benefiting from the strong demand in this vibrant market. The asking price is $1,999,000, with a price per square foot of $258.90. Additional space is also available for lease. This property offers a compelling blend of immediate income, long-term growth potential, and a strategic location in a thriving Oregon community. The property is conveniently located at a Corvallis Transit System stop.

Highlights

  • Owner-user opportunity with in-place income and expansion potential.
  • High-visibility location with excellent signage opportunities.
  • Conveniently located at a Corvallis Transit System stop.
  • Situated on a high-traffic commercial artery.
  • Property available for sale or lease.
  • CMU-2 zoning allows for diverse commercial uses.

Property Details for 1318 9Th St

Property type
Retail properties, Office properties
Square Feet
7,721 SF
Class
A
Year Built/Renovated
1998/2022
Buildings
1
Stories
1
Lot Size (sq. ft)
20,473 SF
Units
3

Location Insight

City
Corvallis
County
Benton
State
Oregon
Latitude
44.578699565197
Longitude
-123.26054545191
1318 9Th St, Corvallis, Oregon

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1318 9Th St
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