600 4th St, Gervais, OR 97026 | MLS ID 594412183

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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 new 8 apartments and 4-8 retail/business offices (tenant improvements to be done by the leasee, leaseor can partly fund tenant improements if chooses) in downtown Gervais. 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 sq-ft 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 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

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

MLS ID: 594412183

Status: Active

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Features

Taxes: $521
Roof Type: Composition
Exterior: Lap Siding
Parking Notes: Assigned, Paved
Special View Info: City, Seasonal
Heating: WallHeater
Fuel Type: Electricity
Cooling: Wall Unit(s)
Year Built: 2026
Water: Public Water
Sewer: Public Sewer
Stories: 3.0
Units: 10
Basement: None
Parking Spaces 30
Hot Water Description: Electricity
Lot Description: Corner Lot, Level
Parking: Assigned, Paved
Storage: Attached, IndividualStorageUnits

Unit Information

Unit Type 1 Information
  Bathroom(s): 2
  Bedrooms: 2
  Features: AirConditioning, Deck, Dishwasher, WasherDryerHookup
  Square Footage: 952
  Total Units: 8
Unit Type 2 Information
  Square Footage: 1688
  Total Units: 2

School Information

High School: Gervais
Middle School: Gervais
Elementary School: Gervais

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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