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The Hall Building 320 Central Ave

41,770 SF 90% Leased Office Building Coos Bay, OR 97420 $1,403,275 CAD ($34 CAD/SF) 6.38% Cap Rate

Investment Highlights

  • 2nd TALLEST/LARGEST BUILDING IN DOWNTOWN COOS BAY!
  • Multi-tenant property with room to increase revenue.
  • Huge square footage along high foot traffic area.

Executive Summary

Explore the pinnacle of downtown Coos Bay's prestige embodied by the iconic Hall Building, boasting over 40,000 square feet of unparalleled commercial space. This distinguished structure offers a remarkable five-story arrangement of leased office spaces, each exuding its unique character, complemented by an exclusive private parking lot. The timeless allure of 1920s architecture is celebrated within, showcased by an impressive grand lobby adorned with luxurious marble tile and an elegant brass elevator.Distinguished by a diverse tenant base operating on annual leases, the Hall Building ensures a consistent positive cash flow, presenting a turnkey investment opportunity that seamlessly aligns with your portfolio goals. Recent upgrades including several remodeled bathrooms, a newer natural gas boiler, and a new roof installed in 2022/2023 add value and peace of mind to this prestigious property.Convenience is paramount, as the property provides a private parking lot with 30 reserved spots alongside adjacent public parking. Offering approximately 50 leaseable office spaces, the building's expansive layout encompasses over 40,000 square feet, providing versatility to accommodate various business needs. Elevate your investment portfolio with the Hall Building - an emblem of historical charm and boasting extensive square footage. Repairs in process - get in now or price will go up as they make progress.

Financial Summary (Pro forma - 2023) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2023) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
41,770 SF
Building Class
C
Year Built
1924
Price
$1,403,275 CAD
Price Per SF
$34 CAD
Cap Rate
6.38%
NOI
$89,498 CAD
Percent Leased
90%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
8,354 SF
Building FAR
2.08
Land Acres
0.46 AC
Zoning
C-1 - Extremely flexible usage. Retail, residential, medical, office, professional, and more.
Parking
30 Spaces (0.72 Spaces per 1,000 SF Leased)
Walk Score ®
Very Walkable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 25S13W26CC440002
  • 1007112200
  • 1007112500
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,069,342 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
  • Listing ID: 30255435

  • Date on Market: 2023-12-01

  • Last Updated:

  • Address: 320 Central Ave, Coos Bay, OR 97420

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