Description
Prime investment/redevelopment opportunity with rental income are one of the truly special & versatile components of this rare offering. Comprised of 3 tax lots, portfolio includes 3 homes & vacant lot of 10,890/sq.ft. that could be developed for additional duplex/multi-family units. Zoning offers a blend of front commercial (C2) w/residential (R2) and is in the path of progress for future commercial redevelopment opportunity on the east retail corridor. Access from 3rd street shared with Club Pioneer & from Laughlin/7th Street. Strong rental occupancy history from the 2 front cottage homes w/additional income generated from renting the owner occupied large home. C2 zoning allows most commercial uses, rare & unique opportunity enjoy monthly income 5%+ CAP rate & land bank for future commercial /multi-family redevelopment. Close to Grocery Outlet, Ochoco Plaza, adjacent to Club Pioneer. Huge upside opportunity. Heritage property within its own well-maintained oasis & park-like setting.
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0BEDS
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0.78ACRES
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0BATHS
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01/2 BATHS
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3,524SQFT
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$161$/SQFT
School Information
Listing courtesy of Coldwell Banker Bain.Description
Prime investment/redevelopment opportunity with rental income are one of the truly special & versatile components of this rare offering. Comprised of 3 tax lots, portfolio includes 3 homes & vacant lot of 10,890/sq.ft. that could be developed for additional duplex/multi-family units. Zoning offers a blend of front commercial (C2) w/residential (R2) and is in the path of progress for future commercial redevelopment opportunity on the east retail corridor. Access from 3rd street shared with Club Pioneer & from Laughlin/7th Street. Strong rental occupancy history from the 2 front cottage homes w/additional income generated from renting the owner occupied large home. C2 zoning allows most commercial uses, rare & unique opportunity enjoy monthly income 5%+ CAP rate & land bank for future commercial /multi-family redevelopment. Close to Grocery Outlet, Ochoco Plaza, adjacent to Club Pioneer. Huge upside opportunity. Heritage property within its own well-maintained oasis & park-like setting.
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