1. Oregon
2. Gervais
3. 600 4TH St

600 4TH St, Gervais, OR 97026

Property Description

This is more than just an opportunity; this is an asset that'll keep paying out for years to come. Be an investor with these brand spanking new 8 apartments and 4-8 retail/business offices in downtown Gervais. Luxury Apartments are 1,000 sqft 9' ceilings and feature beautiful kitchens, LVP flooring, granite countertops, stainless steel appliances, 2 bedroom, 2 baths with air-conditioning, washer/dryer hookup, balcony, and storage. The ground-level 4 unit retail/offices can be split from 2,000 sq-ft to 1,000 or even smaller to rent out, could be a hair salon, nails, chiropractic office, or accountant office, bring your dream and your ideas. The parking lot is also big enough to rent out to culinary food trailers/trucks. There is also an area on the south side of the parking lot that is approved for an 800sqft commercial building thats already plumbed for water and sewer.This is a "Gold Mine" of opportunity. Minutes from I-5, between Portland and Salem. Gervais is such a great community and has grown substantially in the last few years, having its own schools, Elementary up through High School. Seller is also willing to carry a contract on this for 20 years with a sizable down payment. The projected yearly gross income is over 300k. The estimated time of completion is July. Super easy access to I-5 in Woodburn, which is smack-dab in the middle between Portland and Salem. Don't let this phenomenal opportunity pass this up.

Listing Status:

Active

Date Added:

May 27, 2025 at 05:00AM

Listing Office:

Premiere Property Group, LLC : 503-670-9000

Listing Agent:

Patrick Ledbetter : 503-969-9958

MLS ID:

594412183

Interior

• Basement: None
• A/C: Wall unit
• Heating: Wall heater

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Patrick Ledbetter, Premiere Property Group, LLC