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325 NW 2nd St

6,940 SF Retail Building Corvallis, OR 97330 $1,984,388 CAD ($286 CAD/SF) 5.37% Cap Rate

Retail Space Oregon Corvallis 325 NW 2nd St, Corvallis, OR 97330

Investment Highlights

  • Recent Lease extension
  • Excellent location just off the Willamette River in downtown Corvallis
  • Restaurant can be purchased separately or as a portfolio with the adjacent Rodeway Inn Hotel
  • Seasoned operator
  • Close to the OSU campus

Executive Summary

The China Delight is a comfortable and convenient full-service Chinese restaurant located in the heart of Corvallis, Oregon. China Delight is an established Corvallis restaurant operator with a track record of nearly two decades. The Owner has recently extended the lease at market rates. Additionally, there are six one-bedroom, one-bath apartment units above the restaurant and lounge that are currently being used for storage. The units include all plumbing and fixtures to allow them to be utilized as apartments.

Attachments

325_Northwest_2nd_St_Sale_Brochure (1)

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,940 SF
Building Class
C
Year Built
1990
Price
$1,984,388 CAD
Price Per SF
$286 CAD
Cap Rate
5.37%
NOI
$106,526 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.72
Land Acres
0.22 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
CMU-3 - Commercial Mixed Use
Parking
18 Spaces (2.59 Spaces per 1,000 SF Leased)
Frontage
61 ft on 2nd St

Amenities

  • Signage

Links

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Walk Score ®
Very Walkable (81)
Bike Score ®
Biker's Paradise (91)
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.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Bank of America
Coffee Culture
Starbucks
U.S. Bank
Chase Bank
Umpqua Bank
Dutch Bros
Five Guys
Safeway
Ata Martial Arts

PROPERTY TAXES

Parcel Number 122782 Improvements Assessment $0 CAD
Land Assessment $0 CAD Total Assessment $733,508 CAD

PROPERTY TAXES

Parcel Number
122782
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$733,508 CAD
(503) 227-2500

  • Listing ID: 29036705

  • Date on Market: 2023-07-18

  • Last Updated:

  • Address: 325 NW 2nd St, Corvallis, OR 97330

The Retail Property at 325 NW 2nd St, Corvallis, OR 97330 is currently available For Sale. Contact Macadam Forbes, Inc. for more information.

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325 NW 2nd St
(503) 227-2500 x

325 NW 2nd St

Skip Rotticci

(503) 227-2500

(503) 227-2500

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