903 Garibaldi Ave - Freestanding FOR SALE


Garibaldi, OR 97118
$995,000 USD
503-812-8423
903 Garibaldi Ave, Garibaldi, OR for Sale
$995,000 USD
Freestanding - FOR SALE
1/30
null | Request Cap Rate

903 Garibaldi Ave
Garibaldi, OR 97118


HIGHLIGHTS

  • Heavy Coast Hwy Traffic
  • Abundant On-Site Parking
  • Established for over 40 years
  • Business can be sold separately with long term lease of 2,400 sf showroom by Seller

OVERVIEW

Iconic Myrtlewood Factory Outlet Business & Real Estate FOR SALE! Established over 40 years ago @ this most prominent location w/ traffic counts over 9,000 ADT/day. Store offers quality local artisanal work, including gifts, furnishings, lighting, etc. Seller has developed the retail business, increasing revenue annually. Features retail area, 2nd floor flex space and shop space. Recent building updates include ductless heat pump, metal roof, front aesthetic features. Abundant Parking On-site. Office: 100; Sq Ft/Retail: 4000; Sq Ft/Showroom: 2400; Sq Ft/Warehouse: 1600 Sq Ft. Also, additional income available by adding 3 vacation rentals on 2nd level. Engineer says 3 Vacation Rentals could be built upstairs. Owner has done a lot of due diligence. Out right uses in the Commercial Zone. See rough sketch of layout attached.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$155 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Myrtlewood Factory Outlet

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

G_C-1

APN/PARCEL ID

R0016137

ASK ABOUT THIS PROPERTY

Valerie SchumannBerkshire Hathaway HomeServices NorthwestMore Info
503-812-8423

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Valerie SchumannBerkshire Hathaway HomeServices NorthwestMore Info
503-812-8423

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