1008 4Th AveOntario, OR 97914

Property Details for 1008 4Th Ave

Year built

1983

Lot size

0.38 AC

Property size (Sq ft)

2,497 SF

Zone code

O-C2

Property type

Medical offices

Property subtype

Medical centers

APN

18S4709BA 700

APU

18S4709BA700

Description

This exceptional 0.38-acre commercial lot presents a rare opportunity for investors and developers in the thriving city of Ontario, Oregon. Located at 1008 SW 4th Ave, this property offers significant potential for a variety of commercial ventures. The expansive 0.38-acre parcel provides ample space for new construction, allowing for flexibility in design and functionality to suit diverse business needs. Its strategic location within Ontario ensures high visibility and accessibility, attracting a substantial customer base. The property's zoning (which should be independently verified) allows for a range of commercial uses, making it an attractive investment for entrepreneurs seeking to establish a presence in a dynamic market. The asking price of $420,000 reflects the significant value and growth potential inherent in this prime commercial real estate offering. Serious inquiries are encouraged to explore the possibilities this exceptional property presents. Further due diligence is recommended to confirm zoning regulations and suitability for intended use. This is a unique opportunity to acquire a well-positioned commercial lot in a rapidly developing area. Don't miss out on this chance to secure a piece of Ontario's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $508,806

  6.5%

  $469,667

  7%

  $436,119

• Comparable approach

  Method

  Valuation

  Relative Method

  $532,385

  Geo Method

  $532,385

• Alternative Use

  Use

  Valuation

  Residential

  $582,387

  Hospitality

  $533,463

  Educational

  $443,835

  Medical

  $459,099

  Retail

  $690,410

Location Insight

City

Ontario

County

Malheur

State

Oregon

Latitude

44.0246

Longitude

-116.976

CBSA code

36620

CBSA name

ONTARIO, OR-ID MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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