About 232 Ellsworth St
Rare Single National Tenant Net Leased Investment for under $500k. Corporate Guaranty. Prominent downtown corner location on State Hwy 20. Stand-alone building with major interior renovations in 2014-15, new 25-year roof and HVAC in 2021. 7 on-site parking spaces. Current under market lease expires in July 2027 with one five-year extension "at market". Huge upside upon renewal based on current comps. Tenant has occupied since 2015 and pays all utilities. True legacy asset. Perfect for excess 1031 funds, portfolio cash, or future business location. Owner is a licensed broker in the state of Oregon.
Features of 232 Ellsworth St
| MLS® # | 23156036 |
|---|---|
| Price | $465,000 |
| Square Footage | 1,536 |
| Acres | 0.13 |
| Year Built | 1966 |
| Type | Commercial Sale |
| Sub-Type | Commercial |
| Status | Active |
Community Information
| Address | 232 Ellsworth St |
|---|---|
| Area | 221 - Linn County |
| City | Albany |
| County | Linn |
| State | OR |
| Zip Code | 97321 |
Interior
| Heating | ENERGY STAR Qualified Equipment |
|---|---|
| Cooling | EnergyStar Air Conditioning |
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Roof | Other |
|---|---|
| Construction | Brick, Concrete |
Additional Information
| Date Listed | August 14th, 2023 |
|---|---|
| Days on Market | 278 |
| Zoning | C2 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Vintage Realty Northwest |
|---|