Stacy Ellingson - Principal Broker
Principal Broker
REALTOR®, GRI,e-PRO,PSA,AHWD,C2EX,CREIPS,NCREA
(541) 591-4322
SQUARE FEET21,000
MLS#220230928
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
Net Leased Investment Property - 8% Cap - New 5 year Lease - 3% Annual Increases - Single Tenant - Tenant has occupied the property for over 20 years - Real Property Appraised for $3,065,000 in March 5, 2025.Garrisons Homes has a fresh lease on the Property which they first occupied over 22 years ago. This was Garrisons first location, and they have grown into a strong regional brand with multiple locations and a strong reputation for integrity and quality. Garrisons is currently completing a tenant improvement project and their Rent and new 5 year term starts February 1, 2027.The Property is 1.09 acres of Crater Lake Hwy. frontage and includes a climate controlled + 21k square foot steel-frame retail show room on a concrete slab with office space, 37 designated parking spaces, and excellent ingress/ egress.No warranty or representation, express or implied, is made as to the accuracy of the information contained herein.
Property Features
Property Type: Commercial - Business
Cooling: Ductless, Other
Heating: Ductless, Other
Lot Size: 1.09 Acres
Roof Type: Metal
Stories: 1.0
Taxes: $10,305
Feature Descriptions
Exterior: Steel Frame
Sewer: Public Sewer
Units: 1
Listed By / Shown By
Listed By
Agency Name: Merit Commercial RE, LLC
Shown By
Agent Name: Stacy Ellingson - Principal Broker
Agent Phone: (541) 591-4322
Agency Title: Fisher-Nicholson Realty LLC
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6435 Crater Lake Highway | MLS# 220230928
This commercial property located at 6435 Crater Lake Highway, Central Point, OR 97502 is currently listed for sale with an asking price of $2,250,000. Search Central Point real estate on stacyellingson.fnrhomes.com today.