540 Highway 20Hines, OR 97738

Property Details for 540 Highway 20

Lot size

0.81 AC

Zone code

C

Property type

Commercial land

APN

23S 30E 13CC 00501

APU

23S30E13CC00501

Description

This exceptional investment opportunity presents a 4,848-square-foot retail building situated on a 0.81-acre lot in Hines, Oregon. The property, built in 1997, boasts a prime location adjacent to the Best Western Inn, ensuring high visibility and accessibility. Currently leased under a gross lease agreement with a tenant occupying the space for over two decades, the lease was recently renewed for five years, extending to June 1, 2027. The lease structure is a 7% share of gross sales, providing a stable and predictable income stream. The property generated a net operating income (NOI) of $53,000 in 2021, representing a 5.5% capitalization rate. Property taxes are $10,655.93 annually (paid by the tenant). The asking price is $895,000, and financing is cash only. This is an ideal investment for those seeking a stable, income-producing asset in Eastern Oregon's thriving market. The address is 540 Hwy 20, Hines, OR 97738.

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $14,926,100

  Retail / Commercial

  $7,769,900

  Mixed-Use / Specialty

  $7,833,520

  Hospitality / Lodging

  $5,866,100

  Office

  $7,882,090

  Institutional / Educational

  $8,176,340

  Residential Income

  $9,566,320

  Multifamily

  $10,967,100

  Automotive / Energy

  $7,008,290

  Parking / Income-Based Land

  $2,328,250

  Restaurant / Food Service

  $4,269,160

  Healthcare / Senior Housing

  $7,939,480

Location Insight

City

Hines

County

Harney

State

Oregon

Latitude

43.5722

Longitude

-119.076

Property Tax & Assessments

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