1601 Main StCottage Grove, OR 97424

Property Details for 1601 Main St

Year built

1936

Construction

FRAME

Lot size

0.28 AC

Property size (Sq ft)

781 SF

Property type

Commercial real estate

APN

20-03-28-44-03100-000

APU

2003284403100000

Description

This exceptional 3,180 square foot mixed-use building, constructed in 2019 and renovated the same year, presents a lucrative investment opportunity in Cottage Grove, Oregon. Located on a high-visibility corner lot at 1601 E Main St, 97424, this property boasts a prime location near pharmacies, medical offices, Safeway, and numerous other retailers and restaurants. The building features two residential apartments upstairs, each a one-bedroom, one-and-a-half-bathroom unit with abundant cabinetry, stainless steel appliances, luxury vinyl plank (LVP) flooring, and private balconies. Both include in-unit laundry and pantries. Downstairs, two retail/office suites offer flexible space, potentially combinable for a larger tenant. Each commercial unit includes ADA-compliant half baths and both front and rear entrances, making them ideal for medical use given the proximity to nearby medical facilities. The property also includes a paved parking lot with nine spaces and a separate four-unit storage building. The asking price is $749,000, with a pro-forma cap rate of 6.60% and a pro-forma NOI of $49,413. The lot size is 0.28 acres, and the building is zoned C2. Currently, one commercial unit and one residential unit are rented, with the owner-occupant vacating upon sale. All financial data are estimates. Interior photos are available to qualified buyers.

• Alternative Use

  Use

  Valuation

  Residential

  $176,388

  Hospitality

  $161,570

  Educational

  $134,424

  Medical

  $139,047

  Retail

  $209,105

Location Insight

City

Cottage Grove

County

Lane

State

Oregon

Latitude

43.797

Longitude

-123.051

CBSA code

21660

CBSA name

EUGENE-SPRINGFIELD, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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