For Sale
$525,000

815 Santiam Blvd Mill City, OR 97360

Prime Restaurant/Retail Space, $525,000

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 2,464-square-foot retail property, located at 815 NW Santiam Blvd in Mill City, Oregon (97360), presents a unique investment opportunity. Situated on a 0.55-acre lot with Highway 22 frontage and two convenient access points, this single-story building boasts ample on-site parking and a pre-existing pole sign. Built in 1950 and extensively renovated in 2019, the property features a gross lease structure and is currently 100% occupied as open retail and production space. The interior retains some restaurant-grade equipment, including stainless steel appliances, a flat top, hood system, and a walk-in refrigerator/freezer, offering flexibility for various uses. Two restrooms are conveniently located within the space. Recent upgrades include a new roof, insulation, and HVAC system (installed 3-4 years ago). The property is zoned for Commercial Highway use (APN: 541959/958) and offers significant potential as a single or multi-tenant investment. The asking price is $525,000, translating to $213.07 per square foot. This turnkey property is ready for immediate occupancy and presents a compelling opportunity for a savvy investor seeking a strong return on investment in a desirable location.

Highlights

  • 2,464 SF retail building on a 0.55-acre lot in Mill City, OR.
  • Highway 22 frontage with two access points and ample parking.
  • 100% occupied with a gross lease structure.
  • Recently renovated (2019) with new roof, insulation, and HVAC.
  • $525,000 asking price ($213.07/SF).

Property Details for 815 Santiam Blvd

Property type
Retail properties, Restaurants
Square Feet
2,464 SF
Year Built/Renovated
1950/2019
Buildings
1
Stories
1
Lot Size (sq. ft)
23,958 SF
Units
1

Location Insight

City
Mill City
County
Marion
State
Oregon
Latitude
44.7576295
Longitude
-122.4863302

FAQs

What type of property is this?
Retail property - Prime Restaurant/Retail Space, $525,000
Where is the retail property located?
The property is located at 815 Santiam Blvd Mill City, OR.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,464 SF retail building on a 0.55-acre lot in Mill City, OR.; Highway 22 frontage with two access points and ample parking.; 100% occupied with a gross lease structure.
How can I contact the broker?
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815 Santiam Blvd
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