1318 NW 9th St
Corvallis OR 97330
9th St Retail Strip
1318 NW 9th St Corvallis OR 97330
Listing #: 713030 | Status: Available | Last Modified: 6/4/2026 |
For Sale
- Phone:(206) 826-5787
- Email:browngroup@marcusmillichap.com
- Office Name:Marcus & Millichap, Inc.
- Office Phone:(206) 826-5700
- Office Website:www.marcusmillichap.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 1,600,000.0
- $/SF$ 207.2
- Listing StatusAvailable
- Days on Market52
- Asset ClassRetail
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 4.92 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Crane Count
- Crane Tonnage0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Second Road Front
- Grade Level Door Count
- Tennant Improvement Allowance
- Building StatusExisting
- # of Buildings1
- # of Floors1
- # of Units3
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF7721
- Net Rentable Area7721
- Total Office SF
- Largest Contiguous SF
- Lot SF20111
- Acres0.46
- Property TypeRetail
- Office Type
- Building ClassC
- CountyBenton
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaNot Assigned
- Tax ID #11526DC02900
- Additional Parcels
- ZoningCMU-2
- Year Built1998
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeFramed
9th St Retail Strip
We have been selected to exclusively market for sale the 9th Steet Retail Strip in Corvallis, OR, an owner/user or value-add opportunity. The property features a 7,721 SF building, currently 56% occupied by two tenants, with one vacant suite. An owner/user has the opportunity to occupy the vacant suite and collect income from the other tenants or a value-add opportunity investor can lease the vacant suite at market rents (+/- $22/SF NNN) and convert the other tenants to full NNN leases to achieve a pro-forma cap rate in excess of 11.5%. Offered at $207/SF, the property is priced well below replacement cost. Fronting NW 9th Street with visibility to 28,000+ VPD, pylon signage, and easy ingress/egress, the property sits within Corvallis's primary retail corridor surrounded by national tenant







