165 Charles StMount Angel, OR 97362

Property Details for 165 Charles St

Year built

1920

Lot size

0.05 AC

Property size (Sq ft)

1,848 SF

Zone code

CG

Property type

Retail properties

Property subtype

Retail space

APN

061W10BA09800

APU

061W10BA09800

Description

This exceptional 2,410-square-foot commercial condo space is ideally situated in the heart of downtown Mount Angel, Oregon, at 165 E Charles St (cross street: Garfield St), zip code 97362. Located on the street level of the Glockenspiel Building, this single-tenant property offers convenient alley access to a drive-up window, perfect for various businesses. Built in 2006, this four-story building sits on a 0.22-acre lot and boasts a total of 9,123 square feet. The space is zoned CG and was previously occupied by Columbia Bank, providing a history of successful commercial use. The property is a commercial condominium, and the landlord covers condo fees, water, sewer, and property taxes. This presents a unique opportunity for businesses seeking a high-visibility location in a vibrant community known for its renowned Oktoberfest celebration. The available space is part of a larger building, offering potential for synergy with other businesses. This turnkey solution provides immediate occupancy for a variety of retail, office, bank, or medical uses. The property's central location and convenient amenities make it an attractive investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $539,266

  6.5%

  $497,784

  7%

  $462,228

• Comparable approach

  Method

  Valuation

  Relative Method

  $791,941

  Geo Method

  $896,837

• Alternative Use

  Use

  Valuation

  Residential

  $419,899

  Hospitality

  $384,626

  Educational

  $320,004

  Medical

  $331,009

  Retail

  $497,784

Location Insight

City

Mount Angel

County

Marion

State

Oregon

Latitude

45.0679

Longitude

-122.799

CBSA code

41420

CBSA name

SALEM, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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