USAORGervais600 4Th St
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$3,500,000

Pending

9 months ago

600 4 Th St, Gervais, OR

MLS® 594412183

0 Bed

0 Bath

--

27 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size -
Garage No
HOA Fees 
Taxes $521
Approx. Age 2025
MLS® Number 594412183

Property Address: 600 4th St, Gervais, OR, 97026-8944

Average square foot calculated using Size range provided by listing agent.

Description

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 spanking new 8 apartments and 4-8 retail/business offices in downtown Gervais. Luxury Apartments are 1, 000 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 2, 000 sq-ft to 1, 000 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 has grown substantially in the last few years, 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 300k. The estimated time of completion is July. Super easy access to I-5 in Woodburn, which is smack-dab in the middle between Portland and Salem. Don't let this phenomenal opportunity pass this up.
MLS® Number594412183
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age2025
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
-Sold Price

Pending

May 27, 2025List Date
$3,500,000List Price
  • Commute

Commute

Starting Address
Destination Address
600 4 Th St, Gervais, OR

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