Bought with John L. Scott Real Estate Grants Pass
$620,000
$889,000
30.3%For more information regarding the value of a property, please contact us for a free consultation.
9,211 SqFt
SOLD DATE : 01/23/2024
Key Details
Sold Price $620,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 9,211 sqft
Price per Sqft $67
MLS Listing ID 22111726
Sold Date 01/23/24
Year Built 1997
Annual Tax Amount $10,352
Tax Year 2021
Lot Size 0.510 Acres
Property Description
High Profile & Profitable Commercial. Leased 10 unit Office Complex in the heart of the Bandon business district. Situated above Old Town with excellent Highway 101 visibility, this well maintained 1997-built building is 9,211 square feet, consisting of two levels, an elevator, and a mix of tenants including professionals, retail and medical. Gross Revenue is $90K, NOI is $72K, making the Cap Rate at list price 7.3%. A terrific investment opportunity in one of the south coasts hottest towns.
Location
State OR
County Coos
Area _260
Zoning C-2
Interior
Heating Zoned
Cooling Wall Unit
Exterior
View Bay, River
Roof Type Composition,Shingle
Garage No
Building
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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