444 Broadway AveBurns, OR 97720

Property Details for 444 Broadway Ave

Year built

1909

Property size (Sq ft)

5,088 SF

Zone code

CG

Property type

Commercial real estate

APN

23S 31E 07CA 10700

APU

23S31E07CA10700

Description

This exceptional retail investment opportunity in downtown Burns, Oregon, presents a 5,088 square foot building on a 0.23-acre lot, featuring two separately metered units currently leased at 100% occupancy. Built in 1909 and renovated in 2019, the property boasts a 5.76% cap rate and a strong NOI of $14,400. The south unit showcases a remodeled interior with exposed beams, tongue-and-groove ceilings, polished concrete floors, and a large open showroom concept, while the north unit houses a long-standing, well-established business. Both units benefit from a shared rear parking area and separate HVAC systems installed in 2019. The property is zoned Commercial General and is ideally suited for an owner-user seeking a profitable venture or an investor looking for a low-maintenance, high-return investment in a revitalizing downtown area with high daily traffic. The month-to-month leases offer flexibility, and the property is eligible for a 1031 exchange. This is a rare opportunity to acquire a well-maintained, income-producing property in a growing Oregon community. The property's strong tenant base and prime location make it an attractive investment for both short-term and long-term growth.

Location Insight

City

Burns

County

Harney

State

Oregon

Latitude

43.5894

Longitude

-119.055

Property Tax & Assessments

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