2030 NW Vine Street, Grants Pass, OR 97526

$450,000

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List Price
$450,000
Status
ACTIVE
Days on Market
1
MLS#
220228895
Subtype
Commercial Sale
Year Built
1929
Lot Size
26,571
Acres
0.61

Property Description

Stand-alone, single tenant leased restaurant building in a prime Grants Pass location. Large ~0.61 acre commercial lot located at the North Grants Pass I-5 interchange. Near In-N-Out, McDonalds, and Hampton Inn & Suites. The property is regularly shaped with excellent future redevelopment potential. The tenant is leasing the property through March 2028. Current rent is $2,329.90/month, Triple Net. Tenant has three successive 5-year options to renew the lease, and there are regular CPI rent increases during the current term and renewal terms. *Note - Tenant has a first right of refusal for the property.

Additional Information

Taxes
$3,938
Zoning
Bp; Business Park
Flooring
Carpet, Laminate, Vinyl
Heating
Forced Air
Air Conditioning
Central Air
Stories
One
Levels
One
Roof
Composition
Foundation
Concrete Perimeter
Parking Features
Parking Lot, Asphalt

Courtesy of Pulver and Leever Real Estate

The data relating to real estate for sale on this web site comes in part from the Internet Data Display (IDX) of the Southern Oregon Multiple Listing Service. Real estate listings held by brokerage firms other than our company are marked with the IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information subject to change and should be independently verified. Last updated:

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