446 Mcclaine StSilverton, OR 97381

Property Details for 446 Mcclaine St

Year built

1945

Lot size

0.21 AC

Property size (Sq ft)

4,080 SF

Zone code

GC

Property type

Industrial properties

Property subtype

Other warehouses

APN

061W34AD04900

APU

061W34AD04900

Description

This exceptional commercial property in Silverton, Oregon, presents a unique investment opportunity. Located on a 0.21-acre lot at 446 McClaine St, 97381, this property boasts three separate buildings totaling 4,080 square feet, each situated on a single story. Built in 1945, the buildings are classified as Class C and currently sit vacant, offering immediate flexibility for the new owner. The property features six roll-up doors, ideal for various uses, and ample parking with three spaces per unit. Zoned Commercial General (GC), this versatile space is suitable for light industrial, manufacturing, retail, or distribution purposes. The asking price is $798,000, representing a price per square foot of $195.59 and a pro-forma cap rate of 6.77%, with a pro-forma NOI of $54,000. The property's convenient location next to an anchor tenant provides excellent visibility and accessibility. With 4,080 square feet of air rights, the potential for expansion or redevelopment exists. This owner-user opportunity is delivered vacant, allowing for immediate customization to suit the buyer's specific needs. The property's three buildings and flexible zoning make it an ideal candidate for multiple rental units, offering significant potential for future income generation. Detailed building diagrams and zoning information are available upon request. APN: 517262.

• Alternative Use

  Use

  Valuation

  Residential

  $938,826

  Hospitality

  $859,960

  Educational

  $715,476

  Medical

  $740,083

  Retail

  $1,112,963

Location Insight

City

Silverton

County

Marion

State

Oregon

Latitude

45.007

Longitude

-122.788

CBSA code

41420

CBSA name

SALEM, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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