225 E AIRPORT RD, Lebanon, OR 97355 | 19279257 | Berkshire Hathaway HomeServices Real Estate Professionals

225 E AIRPORT RD $1,947,857

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    225 E AIRPORT RD Lebanon, OR 97355

    Sold
    SOLD 7/14/2020

    $1,947,857

    Market Estimate
    • 5.50 Acres
    • Commercial
    • Listing# 19279257
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    Views: 545

    Property Details

    Major redevelopment opportunity in central Lebanon adjacent to Safeway Shopping Center. Property is in an Urban Renewal District with valuable developer benefits. 26,000 +/- SF of existing storage and shop buildings plus plenty of land to build. Current scheduled Annual Gross Income of $172,000. Buildings are structurally sound and may be repurposed. Owner/trustee is a licensed real estate broker in Oregon and California.

    • General Features
      • Acres 5.5
      • Area Linn County
      • Bank Owned Y/N No
      • Country US
      • Documents Available Rent Records,Survey,Environmental
      • Fuel Description Gas
      • Gross Income Actual 172000
      • Heating Description Other
      • Net Income Actual 117000
      • Occupancy Types Month To Month
      • Operating Expenses Actual 55000
      • Sewer Description Public Sewer
      • Short Sale Y/N No
      • Stories 1
      • Tax Amount 6575.45
      • Terms Assumable,Call Listing Agent,Cash,Conventional
      • Third Party Approval Y/N No
      • View Y/N No
      • Water Description Public
      • Waterfront Description Other
      • WaterFrontYN Yes
      • Year Built 1977
      • Zoning MU
    • Building Features
      • Buildings Total 3
      • Construction Wood Frame,Metal Siding
      • Existing Lease Type Month To Month
      • SqFt Approximate Gross 26000
      • SqFt Approximate Lot 240,000
    • Room Features
      • Ceiling Height 14
      • Legal Description 12S02W14-BC-09100
      • Limited Representation Y/N Full Service
    • Property Features
      • Features Fenced,Inside Storage,Outside Lighting,Outside Storage
      • Lot Size 5 to 6.99 Acres
      • Lot Size Dimension 470 x 500
      • Property Category Commercial Sale
      • Property Type Commercial
      • Road Surface Gravel
      • Roof Type Metal
      • Sale Includes Building,Business,Land

    Neighborhood

    97355 (Lebanon) Demographics

    43 Median Age
    138 Population Density (per sq. mile)
    28% College Educated
    $43,517 Estimated Median Income
    7,316 Estimated Total Home Owners
    3,762 Estimated Total Renters
    66% / 34% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    28,774 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $285,000 Median Sales Price
    62 Homes Sold
    0 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source New Value: $0 -100%
        7/14/2020 12:00:00 AM Sold Source New Value: $1,947,857
        The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Real Estate Professionals are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2020 RMLS™, Portland, Oregon. This content last updated on 12/4/2020 7:07:58 PM. Some properties which appear for sale on this site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX and listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.