370 S Main St, Independence OR, 97351

Courtesy of DORE, TIM RIST, Cell: 541-250-1065

Active

370 S Main St

Independence OR, 97351

$2,100,000

$653.80 per sqft

Active

3,212 sqft

Commercial

This is your chance to own a community staple with a solid flagship tenant. Fully remodeled with high end finishes throughout. Massive capacity for restaurant and events space. Triple net lease in place with 15 year term, currently at year 5 of 15. Gross income is $8140 per month. Annual gross income: $97,680 Annual net 84,0004% cap rate with room for growth and all major maintenance completed. Fully remodeled in 2019.

817148

MLSⓇ ID

July 9, 2024

Listed

February 21, 2025

Updated

Interior Features

Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.15 Acres

Other Property Details

Area Name: 20 CENTRAL SALEM
Taxes: $632,698
Tax Frequency: Annually
Days on Market: 6
Garage: No
View: No
County: Polk
Pool: No

Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. Neither listing broker(s) nor iHomes Team, WVMLS Member shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.