302 Main StJoseph, OR 97846

Property Details for 302 Main St

Year built

1954

Lot size

0.20 AC

Property size (Sq ft)

432 SF

Property type

Banks

APN

02S4529CC 1801

APU

02S4529CC1801

Description

This exceptional 432-square-foot commercial property located at 302 N MAIN St, Joseph, Oregon, presents a unique investment opportunity. Currently operating as an art gallery, the building has undergone a complete renovation, boasting a newly added bathroom and a convenient storage room. The property sits on an oversized lot, enhanced by a beautifully landscaped yard featuring mature evergreen and shade trees, providing a serene and inviting atmosphere. Private off-street parking is available for the convenience of customers and employees. A significant advantage is the inclusion of a barn, which can be transferred to the new owner if desired, adding versatility to the property's potential uses. The building's recent modernization, combined with its attractive outdoor space and additional structures, makes it an ideal location for a variety of commercial ventures. Its prime location in Joseph, Oregon, offers excellent visibility and accessibility. The property is priced at $345,000. This is a rare opportunity to acquire a move-in ready commercial space with significant potential for growth and expansion. The property's current configuration and features make it suitable for a range of businesses, from retail to professional services. The ample parking and attractive landscaping are key features that will appeal to a wide range of potential tenants or business owners.

• CAP approach

  CAP return

  Valuation

  6%

  $129,400

  6.5%

  $119,446

  7%

  $110,914

• Comparable approach

  Method

  Valuation

  Relative Method

  $232,109

  Geo Method

  $232,109

• Alternative Use

  Use

  Valuation

  Residential

  $100,757

  Hospitality

  $92,293

  Educational

  $76,787

  Medical

  $79,428

  Retail

  $119,446

Location Insight

City

Joseph

County

Wallowa

State

Oregon

Latitude

45.3548

Longitude

-117.229

Property Tax & Assessments

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