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  • DESCRIPTION

    Major redevelopment opportunity in central Lebanon adjacent to Safeway Shopping Center. Property is in an Urban Renewal District with valuable developer benefits. 26,000 +/- SF of existing storage and shop buildings plus plenty of land to build. Current scheduled Annual Gross Income of $172,000. Buildings are structurally sound and may be repurposed. Owner/trustee is a licensed real estate broker in Oregon and California.

    KEY DETAILS
    • Price:
    • $2,280,000
    • Bedrooms:
    • 0
    • Full Baths:
    • 0
    • Square Footage:
    • n/a
    • Acreage:
    • 5.50
    • Year Built:
    • 1977
    • MLS #:
    • 19279257
    • Street Address:
    • 225 E Airport Rd
    • City:
    • Lebanon
    • State:
    • OR
    • Postal Code:
    • 97355
    • County:
    • Linn
    • Area:
    • Linn County
    • Listing Status:
    • For Sale - Pending

    Building

    • Building Condition:
    • Existing
    • Ceiling Height:
    • 14
    • Construction Description:
    • Wood Frame, Metal Siding
    • Features:
    • Fenced, Inside Storage, Outside Lighting, Outside Storage
    • Stories:
    • 1
    • Total # Of Buildings:
    • 3
    • Type Of Roof:
    • Metal
    • Year Built:
    • 1977
    • Year Built Description:
    • Existing

    Business

    • Adjusted Gross Income:
    • 172000
    • Net Operating Income:
    • 117000

    Land

    • Conforms To Zoning:
    • Mu
    • Existing Land Use:
    • Mini-Storage, Rv Parking, Warehouse
    • Lot Size:
    • 5 To 6.99 Acres
    • Road Surface:
    • Gravel

    Listing

    • Days On Market:
    • 462
    • Included In Sale:
    • Building, Business, Land
    • Legal Description:
    • 12s02w14-Bc-09100
    • List Date:
    • 2019-04-05
    • Terms:
    • Assumable, Call Listing Agent, Cash, Conventional

    Money

    • Property Taxes:
    • $6,575
    • Tax Year:
    • 2018

    Systems

    • Heating Fuel:
    • Gas
    • Sewage Type:
    • Public Sewer

    Water

    • Water Amenities:
    • Public
    • Water Name:
    • Albany Canal
    • Waterfront:
    • Yes

    Source

    • Listing Provided By Vintage Realty Northwest

      All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated 8/11/2020 10:34 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.


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    SCHOOL RATINGS

    No school information available.

    NOTES

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