6400 Highway 99Corvallis, OR 97330

Property Details for 6400 Highway 99

Year built

1920

Lot size

1.32 AC

Property size (Sq ft)

6,400 SF

Zone code

RC

Property type

Commercial real estate

APN

11512BA00800

APU

11512BA00800

Description

This exceptional commercial property presents a unique investment opportunity in Corvallis, Oregon. Situated on a 1.32-acre lot zoned Rural Commercial with an overlay permitting a skating rink or dance hall, the property boasts a substantial 6,400 square foot building. An equally sized unfinished basement offers significant expansion potential. Previously utilized as a roller-skating rink, the building benefits from a brand-new commercial roof installed in 2023. The property enjoys high traffic exposure due to its convenient location, just five minutes from downtown Corvallis. While it shares a well with neighboring properties, the ample space and zoning flexibility make it ideal for a variety of commercial ventures. The property is being sold "As Is," presenting a chance for buyers to renovate and customize to their specific needs. The seller is open to considering carry financing, making this an even more attractive proposition for qualified buyers. This is a rare chance to acquire a large, versatile commercial property in a desirable location with significant upside potential. Don't miss this opportunity to transform this property into a thriving business.

• CAP approach

  CAP return

  Valuation

  6%

  $1,332,530

  6.5%

  $1,230,030

  7%

  $1,142,170

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,008,030

  Geo Method

  $1,639,870

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,305,080

  Retail / Commercial

  $1,204,850

  Mixed-Use / Specialty

  $1,218,540

  Hospitality / Lodging

  $917,414

  Office

  $1,230,030

  Institutional / Educational

  $1,273,210

  Residential Income

  $1,489,660

  Multifamily

  $1,686,930

  Automotive / Energy

  $1,091,330

  Parking / Income-Based Land

  $358,838

  Restaurant / Food Service

  $672,147

  Healthcare / Senior Housing

  $1,231,150

Location Insight

City

Corvallis

County

Benton

State

Oregon

Latitude

44.635

Longitude

-123.242

CBSA code

18700

CBSA name

CORVALLIS, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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