333 Main StHermiston, OR 97838

Property Details for 333 Main St

Year built

1979

Lot size

0.21 AC

Property size (Sq ft)

3,940 SF

Zone code

C-1

Property type

Office properties

Property subtype

Other office properties

APN

4N2811CB06500

APU

4N2811CB06500

Description

This exceptional Hermiston office building presents a compelling investment opportunity. Situated at 333 East Main Street, this 3,940 square-foot property boasts a prime location on a 0.21-acre lot in a predominantly commercial area. Built in 1979, the building is currently fully occupied by two tenants, generating consistent income. The convenient access to Highway 395 ensures excellent visibility and accessibility for both tenants and clients. The property's size and location make it ideal for a variety of uses, offering a strong return on investment. The building's current occupancy status provides immediate cash flow, minimizing vacancy risks. This is a rare opportunity to acquire a well-maintained, income-producing office building in a thriving commercial area. The property's strategic location along a busy commercial street offers significant potential for future growth and appreciation. Serious inquiries are encouraged to explore this promising investment opportunity further. Please respect the privacy of the current tenants and refrain from disturbing them during any property viewings. All inquiries should be directed through the appropriate channels.

• CAP approach

  CAP return

  Valuation

  6%

  $802,841

  6.5%

  $741,084

  7%

  $688,150

• Comparable approach

  Method

  Valuation

  Relative Method

  $840,047

  Geo Method

  $840,047

• Alternative Use

  Use

  Valuation

  Residential

  $918,945

  Hospitality

  $841,748

  Educational

  $700,325

  Medical

  $724,410

  Retail

  $1,089,394

Location Insight

City

Hermiston

County

Umatilla

State

Oregon

Latitude

45.8408

Longitude

-119.286

CBSA code

25840

CBSA name

HERMISTON-PENDLETON, OR MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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