Description
One of a kind opportunity to own 7 clean and extensively remodeled income producing units exceeding a 6% CAP rate with lengthy Hwy 238 frontage near downtown Jacksonville, OR. The location garners over 9,100 vehicle trips per day and the seven units take up just a fraction of the 1.61 acres which can be further developed or divided. Earn $12,190 gross monthly income right now but plan to create additional commercial, residential, or mixed unit opportunities in the future! All three legal lots including the seven units, totaling 7,144 sf, and the open developable space are offered together at the listed price. Development analysis report available. This is the last remaining parcel of land, over 1 acre, within the Jacksonville city limits that is zoned for commercial development.
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0BEDS
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1.62ACRES
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0BATHS
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01/2 BATHS
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7,144SQFT
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$252$/SQFT
School Ratings & Info
Listing courtesy of Gateway Real Estate.Description
One of a kind opportunity to own 7 clean and extensively remodeled income producing units exceeding a 6% CAP rate with lengthy Hwy 238 frontage near downtown Jacksonville, OR. The location garners over 9,100 vehicle trips per day and the seven units take up just a fraction of the 1.61 acres which can be further developed or divided. Earn $12,190 gross monthly income right now but plan to create additional commercial, residential, or mixed unit opportunities in the future! All three legal lots including the seven units, totaling 7,144 sf, and the open developable space are offered together at the listed price. Development analysis report available. This is the last remaining parcel of land, over 1 acre, within the Jacksonville city limits that is zoned for commercial development.
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