930-938 NW Kings Blvd - Storefront FOR SALE


Corvallis, OR 97330
$2,462,000 USD
206-826-5787
930-938 NW Kings Blvd, Corvallis, OR for Sale
$2,462,000 USD
Storefront - FOR SALE
1/3
null | Request Cap Rate

930-938 NW Kings Blvd
Corvallis, OR 97330


HIGHLIGHTS

  • Significant value-add or owner/user opportunity
  • Priced well below replacement cost
  • Grocery shadow anchored by a top performing Fred Meyer
  • Hard-cover location with excellent visibility and access | High traffic location (13,100+ VPD)
  • Located near Oregon State University | Affluent, growing demographics
  • High barrier-to-entry sub-market with low vacancy rate (2.3%)

OVERVIEW

Marcus & Millichap has been selected to exclusively market for sale Kings Blvd Shopping Center, a value-add or owner/user opportunity priced well below replacement cost and located in Corvallis, OR. The Property offers an investor significant upside through leasing the vacant spaces at market rents; or allowing an owner/user to immediately occupy one or more of the vacant spaces at the property while collecting cash flow. It is located across the street from a top-performing Fred Meyer grocery store featuring in excess of 1,800,000 visitors per year, which ranks in the top 30% of all Fred Meyer locations across Oregon State and Nationally, per placer.ai. The Property is less than 1 mile from Oregon State University (OSU), the largest university in Oregon state. In the fall of 2024, nearly 38,000 students were enrolled, a 3.5% increase from the previous year, and the 28th consecutive year of increasing enrollment. The Corvallis retail trade area boasts high barriers-to-entry with no new retail development under construction or delivered in over 18 months and well-below market vacancy rates at 2.3%. Within a 5-mile radius of the property the population is expected to grow more than 5% over the next 5 years, per CoStar, with average household incomes in excess of $86,000/year.

FOR SALE DETAILS

PRICE

$2,462,000 USD

PRICE/SF

$95 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Kings Blvd Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.94 AC

LAND SF

84,506 SF

ZONING

-

APN/PARCEL ID

093439

ASK ABOUT THIS PROPERTY

Clayton BrownMarcus & MillichapMore Info
206-826-5787

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Clayton BrownMarcus & MillichapMore Info
206-826-5787

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