600 4th St, Gervais, OR 97026 | MLS ID 341533610

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$3,500,000

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This is more than just an opportunity; this is an asset that'll keep paying out for years to come. Be an investor with these brand spanking new 8 apartments and 4-8 retail/business offices in downtown Gervais (tenant improvements to the retail shops/offices to be done by the leasee, leaseor can partly fund tenant improements if chooses). Luxury Apartments are 952 sqft 9' ceilings and feature beautiful kitchens, LVP flooring, granite countertops, stainless steel appliances, 2 bedroom, 2 baths with air-conditioning, washer/dryer hookup, balcony, and storage. The ground-level 4 unit retail/offices can be split from 3,376 sqft to 1,688 or even smaller to rent out, could be a hair salon, nails, chiropractic office, or accountant office, bring your dream and your ideas. The parking lot is also big enough to rent out to culinary food trailers/trucks. There is also an area on the south side of the parking lot that is approved for an 800sqft commercial building thats already plumbed for water and sewer.This is a Gold Mine of opportunity. Minutes from I-5, between Portland and Salem. Gervais is such a great community and has grown substantially, always having its own schools, Elementary up through High School. Seller is also willing to carry a contract on this for 20 years with a sizable down payment. The projected yearly gross income is over 250k. Super easy access to I-5 in Woodburn, which is in the middle between Portland and Salem. Don't let this phenomenal opportunity pass this up.

Information

Address:
<map>

600 4th St
Gervais, OR 97026

Square Feet: 10992

Area/School Dist: Marion Co: Except Salem and Keizer

MLS ID: 341533610

Status: Active

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Features

Taxes: $521
Roof Type: Composition
Parking Notes: OnSite, Paved
Special View Info: City, Seasonal
Heating: None
Fuel Type: Electricity
Year Built: 2026
Water: Public Water
Sewer: Public Sewer
Stories: 3.0
Ceiling Height 9
Parking Spaces 29
Miscellaneous Features: AccessibleDoors, AccessibleEntrance, GroundLevel, NaturalLighting, Office, OutsideLighting
Road Surface: Paved
Square Footage Description: 3376 (Office)
Truck Door Description: None

Mortgage Information

Agency/Agent Information

Shown By:
  Agency Name: DAT Real Estate Solutions
  Agency Phone: 503-400-7995

Listed By
   Premiere Property Group, LLC
  Agency Phone: 503-670-9000

DAT Real Estate Solutions
4660 Portland Road, Suite 103 | Salem, Oregon 97305
503.400.7995

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