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Main St Retail/Office Building on Corner Lot 1604-1628 Main St 1,970 SF of Office/Retail Space Available in Springfield, OR 97477
HIGHLIGHTS
- Two separate commercial buildings
- Vacant 2,104 SF retail/office space with private restrooms
- Fully fenced 0.26 AC of undeveloped land
- Flexible layout with redevelopment potential
- Property Taxes (2024): $4,190
- Excellent corner exposure and signage
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,970 SF | Negotiable | $18.00 /SF/YR $1.50 /SF/MO $193.75 /m²/YR $16.15 /m²/MO $2,955 /MO $35,460 /YR | Triple Net (NNN) |
1st Floor
Great opportunity for a business owner or investor to purchase or lease a centrally located property in Springfield. The site features two buildings with in-place rental income from a barber shop tenant, as well as 2,104 SF of vacant retail/office space. With 0.26 acres of undeveloped, fenced land and prominent frontage on Main Street, this property is also well-suited for future redevelopment
- Lease rate does not include utilities, property expenses or building services
- Prime corner location with strong visibility
- Flexible retail/office layout
- Convenient access to major arterials
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 1,970 SF | Gross Leasable Area | 2,104 SF |
| Property Type | Retail | Year Built | 1980 |
| Property Subtype | Freestanding | Parking Ratio | 19.01/1,000 SF |
| Total Space Available | 1,970 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 2,104 SF |
| Year Built | 1980 |
| Parking Ratio | 19.01/1,000 SF |
ABOUT THE PROPERTY
Great opportunity for a business owner to lease a centrally located property in Springfield. The building features 2,104 SF retail/office space with private restrooms. The property is fully fenced, with on-site parking and excellent corner exposure + signage.
- Corner Lot
- Fenced Lot
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
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Main St Retail/Office Building on Corner Lot | 1604-1628 Main St
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