444 Broadway AveBurns, OR 97720
- Other commercial real estate
- 5,088 SF
Property Details for 444 Broadway Ave
- Year built
- 1909
- Property size (Sq ft)
- 5,088 SF
- Zone code
- CG
- Property type
- Other 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
Comparable in this City
Similar Nearby for Sale
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