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Listing provided courtesy of DORE: 541-250-1065.

370 S Main

Independence, OR 97351
  • $2,100,000
  • STATUS: Active
  • ON SITE: 4 Days
  • MLS #: 817148
New On Site 4 Days Ago
UPDATED: 93 min ago
$2,100,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,212
    SQFT
  • $654
    $/SQFT
Neighborhood:
Type:
Business Opportunity
County:

School Ratings & Info

Listing provided courtesy of DORE: 541-250-1065. Listing information © 2024 Willamette Valley Multiple Listing Service



Description

This is your chance to own a community staple with a solid flagship tenant. Fully remodeled with high end finishes throughout. Massive capacity for restaurant and events space. Triple net lease in place with 15 year term, currently at year 5 of 15. Gross income is $8140 per month. Annual gross income: $97,680 Annual net 84,0004% cap rate with room for growth and all major maintenance completed.

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Willamette Valley MLS logo © 2024 Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Data last updated: 2024-07-14T11:10:14.78.
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370 S Main Independence, OR 97351

  • Price: $2,100,000
  • Status: Active
  • On Site: 4 Days
  • Updated: 93 min ago
  • MLS #: 817148
0
Beds
0
Baths
0
½ Baths
0.15
Acres
3,212
SQFT
$654
$/SQFT
Neighborhood:
20 CENTRAL SALEM
County:
Polk
Area:
20 CENTRAL SALEM
Property Description
This is your chance to own a community staple with a solid flagship tenant. Fully remodeled with high end finishes throughout. Massive capacity for restaurant and events space. Triple net lease in place with 15 year term, currently at year 5 of 15. Gross income is $8140 per month. Annual gross income: $97,680 Annual net 84,0004% cap rate with room for growth and all major maintenance completed.
Property Features

Commercial Type Business Opportunity Expenses Actual Or Projected Projected Gross Sched Income 97680 Net Income 84000 New Construction No Possession COE Source Of Square Feet County Tax Amount 632698 Tax Years 2023

© 2024 Willamette Valley Multiple Listing Service. All rights reserved.


Willamette Valley MLS logo © 2024 Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Data last updated: 2024-07-14T11:10:14.78.
 
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Premiere Property Group LLC
5000 Meadows Rd. Suite 150
Lake Oswego OR, 97035
Listing provided courtesy of DORE: 541-250-1065. Listing information © 2024 Willamette Valley Multiple Listing Service