721 3Rd StPendleton, OR 97801

Property Details for 721 3Rd St

Lot size

0.64 AC

Property size (Sq ft)

15,138 SF

Zone code

R2

Property type

Office properties

APN

2N3211CA00102

APU

2N3211CA00102

Description

This exceptional 15,138 square foot commercial office building, situated on a 0.64-acre lot at 721 SE 3rd St in Pendleton, Oregon, presents a unique investment opportunity. Constructed in 1938 to Federal Public Works standards, the building boasts timeless style and high-quality materials rarely found in modern construction. The building's layout is thoughtfully designed for optimal functionality, featuring approximately 7,584 square feet on each of its two levels. The interior is ADA compliant and currently configured with numerous individual offices, making it ideal for a single large business or two separate entities. The flexible floor plan allows for easy adaptation to various business needs. Ample parking is provided with over 21 spaces in an adjacent lot. The building's brick exterior adds to its enduring appeal and structural integrity. This property offers significant potential for a discerning investor seeking a well-maintained, historically significant commercial space in a desirable Pendleton location. The asking price is $550,000. This is a rare opportunity to acquire a substantial, well-located commercial property with significant upside potential. The building's size, layout, and prime location make it an attractive option for a wide range of commercial uses. Don't miss this chance to own a piece of Pendleton's history and secure a strong investment for the future.

• CAP approach

  CAP return

  Valuation

  6%

  $3,084,623

  6.5%

  $2,847,344

  7%

  $2,643,962

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,227,573

  Geo Method

  $3,227,573

• Alternative Use

  Use

  Valuation

  Residential

  $3,530,707

  Hospitality

  $3,234,108

  Educational

  $2,690,740

  Medical

  $2,783,279

  Retail

  $4,185,596

Location Insight

City

Pendleton

County

Umatilla

State

Oregon

Latitude

45.6677

Longitude

-118.781

CBSA code

25840

CBSA name

HERMISTON-PENDLETON, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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