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FOR SUPPLEMENTAL INFORMATION CALL 1-800-845-3524
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PUBLISHED RESERVE:
$180,000
LAST ASKING:
$212,500
SIZE:
Four 944± Square Foot Units on .15± Acre Site
ZONING:
RG-PD (General Residential with PUD Overlay)
PROPERTY INSPECTION DATES:
Monday, October 15 11:00 a.m. – 1:00 p.m.
Sunday, November 4 11:00 a.m. – 1:00 p.m.
FINANCING:
None – All Cash
DESCRIPTION:
This four-plex, located in Toledo near the coastal resort
community of Newport, was constructed in 1977 and has been updated
with newer carpeting and vinyl, paint, countertops and fiberglass shower
with wainscot. Each 944± square foot unit has main living area and kitchen
downstairs and two bedrooms and one bathroom upstairs. The decks are
mostly shared and the front yard is common area. Three of the units are
rented at $800 per month. Toledo, along the Yaquina River, has a population
of 3,590 and is located approximately five miles from the city of Newport
and the Oregon coast. A Georgia Pacific Pulp and Paper Mill is the largest
employer in Toledo. The property is served by public sewer and water, and
is close to most amenities including schools, shopping and employment.
PUBLISHED RESERVE:
$139,500
LAST ASKING:
$249,000
SIZE:
2,800± Square Foot Building on 1,226± Square Foot Lot
ZONING:
Commercial/Historic District Overlay
PROPERTY INSPECTION DATES:
Saturday October 13 10:00 a.m. -- noon
Saturday October 27 10:00 a.m. -- noon
FINANCING:
Subject to Seller’s approval of Purchaser’s credit: A 25%
down payment with the balance secured by a first deed of trust, amortized
over 10 years at 7% interest, calling for monthly payments of principal and
interest; all due and payable at the end of 3 years.
DESCRIPTION:
This two-story commercial building is located in
downtown Albany, across from City Hall, and is currently vacant. It is
within the historic downtown district of Albany which has a collection
of small retailers, restaurants, professional offices and apartments. The
Albany Downtown Association, a private non-profit organization, is
dedicated to revitalization through cooperative advertising, events and a
dedicated parking district.
The building’s main level has a storefront with large room, reception area, two offices, kitchen, storage room and two
restrooms. The second level has two entries: one is accessed between the main floor and second level, and one has a separate
entry that provides access. The second level contains three offices, a workroom, a restroom and a shower that is separate from
the restroom.
The building could have either two tenants, or could be revised as a live/work space for one tenant such as an artist, with
second level as an apartment and main level for studio/retail space.
LOCATION:
225 Third Avenue SW – Albany, Oregon. Tax Lot 11100
LOCATION:
620-626 SE 7th Street – Toledo,
Oregon, 97391
Four-Plex
Toledo, Oregon
Downtown Building Across From City Hall
Albany, Oregon
Y
aquina River
Willamette River
SE Elder St.
SW 3rd Ave.
Broadway St. SW
Broadway St. SW
S. Lyon St.
Albany
City Hall
SE 7th St.
SE Fir St.
P
ending
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nformation
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pdate