Based on 3 reviews
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The property appears well-maintained with recent capital improvements. The mixed-use zoning offers a unique blend of commercial and residential income streams. The location in a designated neighborhood center suggests strong visibility and accessibility for both office and residential tenants seeking convenience.
The detailed breakdown of square footage and recent capital improvements provides a solid foundation for due diligence. The mixed-use zoning offers a compelling balance for long-term holding.
The property presentation clearly highlights the diversified income stream from both commercial and residential units. With over fifteen years of market experience behind the broker, the analytical approach to this mixed-use asset appears robust and well-suited for serious investors seeking stable returns.
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This property at 999 NW Circle BLVD in Corvallis, OR is a mixed-use commercial and residential building listed for sale at $1,600,000 by Sims Realty, LLC. The asset consists of two buildings totaling 7,476 square feet on a 0.43-acre lot zoned PA-O, built in 1974. It includes three professional office suites and five apartment units, generating approximately 60 percent commercial and 40 percent residential revenue. Recent capital improvements exceeding $150,000 have included a new roof, HVAC systems, insulation upgrades, apartment renovations, and exterior paint. The property offers ample parking, strong street exposure, and is situated in a designated Major Neighborhood Center near major retailers, medical services, and residential neighborhoods in northwest Corvallis.