215 Galice RdMerlin, OR 97532

Property Details for 215 Galice Rd

Year built

1974

Lot size

0.60 AC

Property size (Sq ft)

1,884 SF

Zone code

CC

Property type

Retail space

APN

35-06-21-BC-001000

APU

350621BC001000

Description

This exceptional 1,884 square foot commercial property in Merlin, Oregon, presents a unique live-work opportunity. Located at 215 Galice Rd, the property offers a seamless blend of business and residential space. The main level provides a flexible, open layout ideal for a variety of commercial uses. A significant advantage is the inclusion of a separate studio apartment upstairs, complete with a full kitchen and bathroom, perfect for an owner-operator or on-site manager. The property boasts modern amenities including a recently installed heat pump for efficient climate control and a new electrical panel ensuring safety and reliability. Storage needs are easily met with a convenient exterior shed. Security is enhanced by three drive gates and a fully fenced compound, providing peace of mind. This property is situated on a lot with no acreage specified. The asking price is $299,000. This is a rare opportunity to acquire a well-maintained, versatile commercial property with integrated living quarters in a desirable location. Don't miss out on this exceptional chance to own a property that combines the best of both worlds. Contact us today to schedule a showing.

• CAP approach

  CAP return

  Valuation

  6%

  $545,679

  6.5%

  $503,703

  7%

  $467,725

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,216,498

  Geo Method

  $1,216,498

• Alternative Use

  Use

  Valuation

  Residential

  $424,893

  Hospitality

  $389,199

  Educational

  $323,809

  Medical

  $334,946

  Retail

  $503,703

Location Insight

City

Merlin

County

Josephine

State

Oregon

Latitude

42.5166

Longitude

-123.426

CBSA code

24420

CBSA name

GRANTS PASS, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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