325 NW 2nd St - Storefront Retail/Residential FOR SALE


Corvallis, OR 97330
$1,400,000 USD
503-314-0527
325 NW 2nd St, Corvallis, OR for Sale
$1,400,000 USD
Storefront Retail/Residential - FOR SALE
1/4
null | 5.37% Cap Rate

325 NW 2nd St
Corvallis, OR 97330


HIGHLIGHTS

  • Recent Lease extension
  • Seasoned operator
  • Excellent location just off the Willamette River in downtown Corvallis
  • Close to the OSU campus
  • Restaurant can be purchased separately or as a portfolio with the adjacent Rodeway Inn Hotel

OVERVIEW

The China Delight is a comfortable and convenient full-service Chinese restaurant located in the heart of Corvallis, Oregon. China Delight is an established Corvallis restaurant operator with a track record of nearly two decades. The Owner has recently extended the lease at market rates. Additionally, there are six one-bedroom, one-bath apartment units above the restaurant and lounge that are currently being used for storage. The units include all plumbing and fixtures to allow them to be utilized as apartments.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$202 USD /SF

CAP RATE

5.37%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

CMU-3

APN/PARCEL ID

122782

ASK ABOUT THIS PROPERTY

Skip RotticciMacadam Forbes, Inc.More Info
503-314-0527

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Skip RotticciMacadam Forbes, Inc.More Info
503-314-0527

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