1308 E Main St,CottageGrove, OR 97424
CottageGrove, OR 97424
Description
Exceptional Mixed-Use Investment Opportunity in the Heart of Cottage Grove! Built by JDL Construction in late 2020, this nearly new development includes a fully rented triplex and a separate commercial building, offering immediate income, long-term stability, and strong investment potential. The triplex features two 575 sq ft 1 bed / 1 bath apartments on the ground level, each equipped with stainless steel appliances and stackable washer/dryers. Above is a stunning 1,704 sq ft penthouse accessed by a private elevator inside the attached two-car garage. This luxurious residence offers 2 bedrooms, 2 bathrooms, an office, indoor laundry, and a large walk-in closet. The chef’s kitchen includes two refrigerators, stainless appliances, gas range, quartz countertops, and custom cabinetry. Additional highlights include wide-plank oak flooring, heated tile floors, custom lighting, on-demand hot water, and large picture windows overlooking Coiner Park. The Trex front deck with decorative wrought iron railing spans the length of the penthouse and is accessible through French doors from the primary suite and living room. The separate 1,700 sq ft commercial building is leased with 4 years remaining, providing stable, long-term income. It features ADA compliance, off-street parking, bay door access, ductless HVAC, two bathrooms, conference room, storage room, and front lobby. An electronic wrought iron gate separates the residential and commercial spaces. With existing tenants and strong rental demand, this property offers excellent income potential and future CAP rate upside. Live in the penthouse while generating rental income, or maintain it as a fully functioning investment property. Additional benefit: transferable tax deferral with approximately 4 years remaining, resulting in property taxes of only $756 per year. Prime location, just minutes to I-5 and historic downtown district. A rare opportunity to own one of the best commercial lots on Main Street with built-in income!
Details
| MLS # | 286066990 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 2020 |
| Days On Site | 199 |
| Listing Provided By | Wonderland Realty LLC | Lindsay Martinez |
Features
| SQ Feet | 4,554 |
|---|---|
| Garage | 2 |
| Story(s) | 2 |
| Units | 4 |
| Zoning | C2P |
| Property View | City, Mountain, ParkGreenbelt |
Interior
| Heating | Ductless |
|---|---|
| Heating Yn | Yes |
| Cooling | Mini Split |
| Cooling Yn | Yes |
Exterior
| Roof | Flat, Metal |
|---|---|
| Security Features | Fire Sprinkler System, Handicap Access, Security Gate, Security System Owned |
| Lot Features | Level, On Busline |
Parking
| Attached Garage Yn | No |
|---|---|
| Parking Features | Off Street, Secured |
Taxes
| Property | 756 |
|---|
Area Information
| State | OR |
|---|---|
| County | Lane |
| City | CottageGrove |
| Zip Code | 97424 |
| School District | Cottage Grove |
| Elementary School | Bohemia |
| High School | Cottage Grove |
| Listing VS Median (in 97424) | |
Price: $1,650,000 low | high Med: $424,900 sqft: 4,554 low | high Med: 2,106 $ / sqft: $362 low | high Med: $202 On site: 199 low | high Med: 29 | |
Market Activity 97424
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Learn More About This Property
| State | OR |
|---|---|
| County | Lane |
| City | CottageGrove |
| Zip Code | 97424 |
| School District | Cottage Grove |
| Elementary School | Bohemia |
| High School | Cottage Grove |
| Listing VS Median (in 97424) | |
Price: $1,650,000 low | high Med: $424,900 sqft: 4,554 low | high Med: 2,106 $ / sqft: $362 low | high Med: $202 On site: 199 low | high Med: 29 | |
 | $1,650,0001308 E Main StCottagegrove, OR 97424 |