131 N Front St - Retail FOR SALE


Central Point, OR 97502
$525,000 USD
541-944-9967
131 N Front St, Central Point, OR for Sale
$525,000 USD
Retail - FOR SALE
1/19
null | Request Cap Rate

131 N Front St
Central Point, OR 97502


OVERVIEW

Merit Commercial Real Estate is pleased to exclusively present 131 N Front Street, a long-awaited and compelling redevelopment or owner-user opportunity, exceptionally located in desirable Central Point, Oregon. 131 N Front Street is an iconic property with a long history and a variety of uses, most recently being a limited service Mexican restaurant. The existing 760 SF structure, while functional and usable in its current state, presents a great redevelopment opportunity. Ideal for a coffee stand, small drive-thru food service, food truck pod, or a variety of other uses (buyer to confirm legality and feasibility). Alternatively, the property is a great fit for an owner-user looking for a high-visibility, well-known property to house a startup or an expansion of a retail or food service business. The GC-TOD zoning (General Commercial, Transit-Oriented Development overlay) appears to be one of, if not the most flexible in Central Point, and allows for a plethora of different commercial or industrial uses. Outside, there are 2 large dedicated sign locations; on the face of the building, as well as a permanent grandfathered double-sided monument sign facing North Front Street. The immediate area surrounding 131 N Front Street, extending from East Pine Street to Hazel Street, is the Southern Oregon Artisan Corridor. This has led to multiple seven-figure investments in the walkability, transportation options, aesthetics, and desirability of the neighborhood, transforming the historic street into a charming creatives paradise. The excess land to the south of the existing structure allows the new owner abundant optionality in their plans for the property, and could be significantly further developed. Buyer is responsible for any and all due diligence, including environmental, licensing, use, legality, and all other items. Contact the listing brokers today for additional information!

FOR SALE DETAILS

PRICE

$525,000 USD

PRICE/SF

$691 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

131 N. Front Street | QSR Redevelopment Site

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

GC-TOD

APN/PARCEL ID

10140076

ASK ABOUT THIS PROPERTY

Caspian HoehneMerit Commercial Real Estate LLCMore Info
541-944-9967

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Caspian HoehneMerit Commercial Real Estate LLCMore Info
541-944-9967

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.