1215 Main StPhilomath, OR 97370

Property Details for 1215 Main St

Year built

1900

Lot size

0.30 AC

Property size (Sq ft)

6,959 SF

Zone code

C-1

Property type

Office properties

APN

12612CA04600

APU

12612CA04600

Description

This exceptional 520 sq ft office space is ideally located on the first floor of the Main St Station building in downtown Philomath, Oregon. The suite boasts two private offices with natural light from exterior windows, a spacious reception area easily accommodating two small workstations, and a dedicated file/storage room. This single-tenant space offers a convenient and professional environment for businesses of various sizes. The property sits on a 0.31-acre lot and is part of a larger commercial building. For added space, an adjacent 225 sq ft suite (Suite 104) is available for an additional monthly rent. Additionally, a 260 sq ft shop bay is also available for lease, perfect for extra storage or a small vehicle (non-automotive repair use only). Ample parking is provided both on-site and on the street, complemented by a prominent monument sign for enhanced visibility. The property is located at 1215 Main St, Suite 100, Philomath, OR 97370, in Benton County. This versatile space presents a fantastic opportunity for businesses seeking a well-appointed and conveniently located office in a thriving community. The property is classified as both office and land, offering flexibility for various business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $1,448,920

  6.5%

  $1,337,460

  7%

  $1,241,930

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,096,070

  Geo Method

  $1,783,100

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,506,410

  Retail / Commercial

  $1,310,090

  Mixed-Use / Specialty

  $1,324,970

  Hospitality / Lodging

  $997,544

  Institutional / Educational

  $1,384,420

  Residential Income

  $1,619,770

  Multifamily

  $1,834,270

  Automotive / Energy

  $1,186,650

  Parking / Income-Based Land

  $390,180

  Restaurant / Food Service

  $730,855

  Healthcare / Senior Housing

  $1,338,680

Location Insight

City

Philomath

County

Benton

State

Oregon

Latitude

44.5405

Longitude

-123.369

CBSA code

18700

CBSA name

CORVALLIS, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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