Property Listing No Longer Available for Sale

119 N Water St, Silverton, OR

Retail for Sale - $950,000 - 6,050 Sq. Ft. on 0.08 acres


Property Info

CIMLS#1143921
Location
  119 N Water St
  Silverton OR 97381
UpdatedApril 9th, 2024
TypeRetail
Price$950,000
Building6,050 Sq. Ft.
Land0.08 acres

Property Description

A beautifully renovated and maintained office & retail building in downtown Silverton, OR.

Known as the historic Hicks & Ames Building, this property is actually two separate buildings. The south section of the building was originally built in 1885, while the north section was later added in 1905 - this addition is apparent by the two differing brick colors on the front of the building. The entire building is approx. 6,050 SF, plus an approx. 1,050 SF basement (according to county records.).

The first floor is split into two separate suites leased by two tenants - Harcourts NW Realty Group and Rustic Roots Studio (a salon user). The second floor is subleased by Harcourts and comprised of individual office suites. The basement level provides access to utilities and additional storage. The buildings main interiors have been updated with modern finishes, while the exterior had the awning replaced in 2018, a new membrane roof in 2017, and the back deck was replaced in 2019.

The first floor has hard wood and carpeted flooring, and 12 foot ceilings with lots of natural lighting. The Harcourts suite (est. to be approx. 2,765 SF on the 1st Floor) has a large open front office/retail space, a back office space set up with cubicles, a small private conference room, and a kitchenette with wood flooring that leads to the back deck. The Rustic Roots Suite is approx. 785 SF total, with a large front retail space, a private bathroom, and a back office/storage room.

The second floor is subleased by Harcourts and is approx. 2,500 SF. There are eight (8) suites in varying sizes which are further subleased to subsequent tenants. These tenants include Harcourts agents, Counseling services, a Consulting Company, a Massage Therapy Studio and a Tattoo Studio.

Buyer to be responsible for verifying occupancy with City of Silverton.


Financials



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