320 CENTRAL AVE Coos Bay, OR $ 2,500,000
320 CENTRAL AVE
$ 2,500,000
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320 CENTRAL AVE

Coos Bay, OR, 97420
$ 2,500,000
Baths0.0 Sq 41,770

Monthly Estimate*

$ 17,463

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View a Virtual Tour
Studio

Commercial Property for sale in Coos Bay, OR

for $2,500,000. This 41,770 square foot building was built in 1924 on a lot size of 0.46.

Explore the pinnacle of downtown Coos Bay's prestige embodied by the iconic Hall Building, boasting over 40,000 square feet of unparalleled commercial space. This distinguished structure offers a remarkable five-story arrangement of leased office spaces, each exuding its unique character, complemented by an exclusive private parking lot. The timeless allure of 1920s architecture is celebrated within, showcased by an impressive grand lobby adorned with luxurious marble tile and an elegant brass elevator.Distinguished by a diverse tenant base operating on annual leases, the Hall Building ensures a consistent positive cash flow, presenting a turnkey investment opportunity that seamlessly aligns with your portfolio goals. Recent upgrades including several remodeled bathrooms, a newer natural gas boiler, and a new roof installed in 2022/2023 add value and peace of mind to this prestigious property.Convenience is paramount, as the property provides a private parking lot with 30 reserved spots alongside adjacent public parking. Offering approximately 50 leaseable office spaces, the building's expansive layout encompasses over 40,000 square feet, providing versatility to accommodate various business needs.Elevate your investment portfolio with the Hall Building ? an emblem of historical charm, boasting extensive square footage and offering lucrative, hassle-free ownership.

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Commercial Active

Price

$ 2,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 13,200

Style

Commercial

Lot Size

0.46

Year Built

1924

Town/City

Coos Bay

County/Region

Coos

MLS | Web ID

23680699

Features
General
Sewer PublicSewer
Heating Radiant
Roof Rubber
Zoning C-1
Construction Materials Concrete
Year Built 1924
Sale Includes Building Land
Stories 5
Property SubType Commercial
Tax Year 2023
Current Use MedicalDental Office ProfessionalService
Gross Income 243804.0
County Coos
Operating Expense 174153.0
Property Type CommercialSale
Status Active
Directions Downtown Coos Bay
City CoosBay
MLS Area _260
Lot Size Square Feet 20037.0
Street Name CENTRAL
Listing Terms Cash
Tax Annual Amount 13200.36
Property Condition Existing
Virtual Tour https://youtu.be/JSxl2aIYjDc
Days on Market 151
Lease Type YearsRemaining1to5 MonthToMonth
Standard Status Active
Legal Description 25S-13W-26CC TL 4400 4300 4200
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Exterior
Parking Features OnSite
Water Source PublicWater
Total Parking 30.0
Number of Buildings 1
Building Area Total 41770.0
Lot Dimensions approx 100'x200'
Lot Size Acres 0.46
Road Surface Type Paved
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Interior
Street Suffix AVE
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Internal Only
Street Number 1 320
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* Excluded Features
List By
Pacific Properties

Broker

TheHoffineGroup@PacificPropertiesTeam.com

Email

Affordability Calculator

$18,563
Per Month
94%
6%
0%
Monthly Principal & Interest
$17,463
Monthly Property Taxes
$1,100
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1949264 Elementary School
1949174 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/29/2023$2,500,000 Listed Price

Map


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320 CENTRAL AVE, Coos Bay, OR, 97420 is a Commercial Property for sale at $2,500,000 with 41,770 sqft and a lot size of 0.46. 320 CENTRAL AVE is a studio with 0.0 baths and was built in 1924. The property's zip code is 97420 which is in Coos Bay, OR