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225 E AIRPORT RD $2,280,000

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225 E AIRPORT RD Lebanon, OR 97355

  • 5.50 Acres
  • Commercial
Listing# 19279257 | Active
Days On Market: 167 0 Views
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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
    • Present Use Mini-Storage,RV Parking,Warehouse
    • Sewer Description Public Sewer
    • Short Sale Y/N No
    • Stories 1
    • Supplement Number 0
    • 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
    • Year Built Description Existing
    • 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

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Neighborhood

97355 (Lebanon) Demographics

44Median Age
138Population Density (per sq. mile)
28%College Educated
$43,517 Estimated Median Income
7,316Estimated Total Home Owners
3,762Estimated Total Renters
66% / 34%Estimated Owner / Renter Divide
3Estimated Average Household Size
28,774Total Population
Community data courtesy of LiveBy, Inc.

Market Last 30 Days

$278,500 Median Sales Price
81 Homes Sold
77 New On Market

Average Days on Market

    Properties for Sale

      Property History

      Date Event Price Percent Change
      -- Current Price Source New Value: $2,280,000
      4/5/2019 4:37:00 PM New in Database Source

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      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 © 2019 RMLS™, Portland, Oregon. This content last updated on 9/20/2019 2:10:15 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.