240 NW Washington St - Specialty FOR SALE


Sheridan, OR 97378
$399,000 USD
503-400-7851
240 NW Washington St, Sheridan, OR for Sale
$399,000 USD
Specialty - FOR SALE
1/5
null | Request Cap Rate

240 NW Washington St
Sheridan, OR 97378


HIGHLIGHTS

  • Sheridan possesses a stable economic base
  • Property in a residential area
  • Buyer responsible for due diligence
  • Near downtown core

OVERVIEW

Presenting a unique opportunity for a special purpose investor, this property at 240 NW Washington St, Sheridan, OR, 97378, offers a 3,552 SF building with potential for various uses. Property is vacant, contact listing office for questions or to schedule a tour. The City of Sheridan is undergoing a transformation as a community at long last, emerging from a timber town nestled against the foothills of Oregon's coastal mountain range. Significant employers include the FCI (Federal Corrections Institution), Forest River, Sheridan School District, and PGE (substation). Economic openings on the horizon include the Virginia Garcia Clinic and further growth of Spirit Mountain Casino. With the election of a new Mayor, there's excitement in the community surrounding partnerships for non-motorized boating to stimulate tourism along the banks of the Yamhill River. 240 NW Washington, currently a Masonic lodge, offers a peaceful setting for buyers to further the building's use as a spiritual center (church, etc.). With ample plumbing and healthy mechanical systems in place, there's also a strong case to be made for converting the property into a multifamily (2+ unit) property.

FOR SALE DETAILS

PRICE

$399,000 USD

PRICE/SF

$112 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Sheridan Masonic Lodge

PROPERTY TYPE

Specialty

ADD'L SUBTYPES

Shelter

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

R2

APN/PARCEL ID

222020

ASK ABOUT THIS PROPERTY

Nick Williams, CCIMSVN | Commercial Advisors, LLCMore Info
503-400-7851

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Nick Williams, CCIMSVN | Commercial Advisors, LLCMore Info
503-400-7851

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