550 Main StLebanon, OR 97355

Property Details for 550 Main St

Year built

1950

Lot size

0.18 AC

Property size (Sq ft)

6,720 SF

Property type

Investment properties

Property subtype

Live-work space

APN

12S 02W 10DA 00300

APU

12S02W10DA00300

Description

This beautifully remodeled 1,500 square foot office suite, located at 550 S Main St in Lebanon, Oregon (zip code 97355), is situated in the historic MBVA building, sharing the building with MUGS Coffee. Built in 1948 and extensively renovated in 2019, this two-story building offers a modern workspace within a vibrant downtown setting. The suite features a reception area, five private offices, a break room, and two restrooms. The lease includes a private Wi-Fi network and ethernet access, 24-hour building access, all utilities, janitorial services, video surveillance, a private address and locked mailbox. Tenants also enjoy shared access to a conference room, a small meeting room, and a copier/scanner. Located in Linn County, this single-tenancy space is ideal for businesses seeking a professional and convenient location. The property does not include elevators. This exceptional office space provides a complete and efficient work environment. The lease price encompasses a comprehensive package of amenities designed to enhance productivity and streamline operations.

• CAP approach

  CAP return

  Valuation

  6%

  $1,586,144

  6.5%

  $1,464,133

  7%

  $1,359,552

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,356,053

  Geo Method

  $1,721,866

• Alternative Use

  Use

  Valuation

  Residential

  $1,815,525

  Hospitality

  $1,663,011

  Educational

  $1,383,606

  Medical

  $1,431,190

  Retail

  $2,152,276

Location Insight

City

Lebanon

County

Linn

State

Oregon

Latitude

44.5405

Longitude

-122.907

CBSA code

10540

CBSA name

ALBANY-LEBANON, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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