320 Central Ave - Office FOR SALE


Coos Bay, OR 97420
$999,000 USD
541-260-2651
320 Central Ave, Coos Bay, OR for Sale
$999,000 USD
Office - FOR SALE
1/46
null | 6.38% Cap Rate

320 Central Ave
Coos Bay, OR 97420


HIGHLIGHTS

  • 2nd TALLEST/LARGEST BUILDING IN DOWNTOWN COOS BAY!
  • Huge square footage along high foot traffic area.
  • Multi-tenant property with room to increase revenue.

OVERVIEW

Explore the pinnacle of downtown Coos Bay's prestige embodied by the iconic Hall Building, boasting over 40,000 square feet of unparalleled commercial space. This distinguished structure offers a remarkable five-story arrangement of leased office spaces, each exuding its unique character, complemented by an exclusive private parking lot. The timeless allure of 1920s architecture is celebrated within, showcased by an impressive grand lobby adorned with luxurious marble tile and an elegant brass elevator.Distinguished by a diverse tenant base operating on annual leases, the Hall Building ensures a consistent positive cash flow, presenting a turnkey investment opportunity that seamlessly aligns with your portfolio goals. Recent upgrades including several remodeled bathrooms, a newer natural gas boiler, and a new roof installed in 2022/2023 add value and peace of mind to this prestigious property.Convenience is paramount, as the property provides a private parking lot with 30 reserved spots alongside adjacent public parking. Offering approximately 50 leaseable office spaces, the building's expansive layout encompasses over 40,000 square feet, providing versatility to accommodate various business needs. Elevate your investment portfolio with the Hall Building - an emblem of historical charm and boasting extensive square footage. Repairs in process - get in now or price will go up as they make progress.

FOR SALE DETAILS

PRICE

$999,000 USD

PRICE/SF

$24 USD /SF

CAP RATE

6.38%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Hall Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

C

YEAR BUILT

1924

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

C-1

APN/PARCEL ID

1007112200,1007112500,25S13W26CC440002

ASK ABOUT THIS PROPERTY

Randy HoffinePacific PropertiesMore Info
541-260-2651

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Randy HoffinePacific PropertiesMore Info
541-260-2651

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