21
See all 21 photos
Listed by Premiere Property Group, LLC
$3,500,000
Est. payment /mo
12,000 SqFt
Active
600 4TH ST Gervais, OR 97026
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $291
MLS Listing ID 341533610
Year Built 2025
Annual Tax Amount $520
Tax Year 2024
Property Sub-Type Commercial
Property Description
This is more than just an opportunity; this is an asset that'll keep paying out for years to come. Be an investor with these brand spanking new 8 apartments and 4-8 retail/business offices in downtown Gervais. Luxury Apartments are 1,000 sqft 9' ceilings and feature beautiful kitchens, LVP flooring, granite countertops, stainless steel appliances, 2 bedroom, 2 baths with air-conditioning, washer/dryer hookup, balcony, and storage. The ground-level 4 unit retail/offices can be split from 2,000 sq-ft to 1,000 or even smaller to rent out, could be a hair salon, nails, chiropractic office, or accountant office, bring your dream and your ideas. The parking lot is also big enough to rent out to culinary food trailers/trucks. There is also an area on the south side of the parking lot that is approved for an 800sqft commercial building thats already plumbed for water and sewer.This is a "Gold Mine" of opportunity. Minutes from I-5, between Portland and Salem. Gervais is such a great community and has grown substantially in the last few years, having its own schools, Elementary up through High School. Seller is also willing to carry a contract on this for 20 years with a sizable down payment. The projected yearly gross income is over 300k. The estimated time of completion is July. Super easy access to I-5 in Woodburn, which is smack-dab in the middle between Portland and Salem. Don't let this phenomenal opportunity pass this up.
Location
State OR
County Marion
Area _170
Zoning COM
Interior
Heating Ductless, Wall Heater
Cooling Wall Unit
Exterior
View City
Roof Type Composition
Garage No
Building
Story 3
Sewer Public Sewer
Water Public Water
Level or Stories 3
Others
Acceptable Financing CallListingAgent, Cash, Contract, Conventional
Listing Terms CallListingAgent, Cash, Contract, Conventional
GET MORE INFORMATION
QUICK SEARCH