925 S Main St - Specialty FOR SALE


Mount Angel, OR 97362
$1,500,000 USD
503-588-4146
925 S Main St, Mount Angel, OR for Sale
$1,500,000 USD
Specialty - FOR SALE
1/7
null | Request Cap Rate

925 S Main St
Mount Angel, OR 97362


HIGHLIGHTS

  • Income stream in place
  • 3 month +/- process for zone change (per city)
  • Beautiful setting

OVERVIEW

The subject property is known as the St. Joseph Shelter and consists of six (6) buildings on close to 8 acres. Bernard Hall, a residential dormitory-style building, is vacant and is not habitable. The remaining buildings include Marmion Hall - a 1960-constructed dormitory, Casa Adele - is 8 (2 bedroom, 1 bath) units renovated apartment building, and three (3) metal storage buildings which support the property. Catholic Community Services owns/operates the property which serves several public needs from the local food bank to providing seasonal migrant housing opportunities. A new owner who could continue these uses would be wonderful but it is believed that the highest and best use for the property is for residential rental housing which the city has identified as the #1 need. The subject property is located in a rural/residential area of Mt. Angel, Oregon just a few blocks from the city core and across the street from the Benedictine Sisters of Mt. Angel. The property is currently zoned "Public" but the City of Mt. Angel has identified residential rental housing as the top need in the community.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$48 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Mt. Angel Redevelopment Opportunity

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

47

LAND DETAILS

LAND ACRES

3.84 AC

LAND SF

167,270 SF

ZONING

P

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Curt Arthur, SIORSVN | Commercial Advisors, LLCMore Info
503-588-4146

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

Curt Arthur, SIORSVN | Commercial Advisors, LLCMore Info
503-588-4146

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