Mt. Angel Development Opportunity

925 S Main Street Mt. Angel, OR 97362

925 S Main Street, Mt. Angel, OR, 97362
Aerial
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FOR SALE
Property Type:
Other Hospitality
Amount:
$2,200,000
Last Verified:
Apr 10, 2024

Highlights

  • Income stream in place
  • 3 month +/- process for zone change (per city)
  • Beautiful setting

Description

The subject property is known as the St. Joseph Shelter and consists of six (6) buildings on close to 8 acres. Bernard Hall, a residential dormitory-style building, is vacant and is not habitable. The remaining buildings include Marmion Hall - a 1960-constructed dormitory,

Casa Adele - is 8 (2 bedroom, 1 bath) units renovated apartment building, and three (3) metal storage buildings that support the property.

Catholic Community Services owns/operates the property which serves several public needs from the local food bank to providing seasonal migrant housing opportunities. A new owner who could continue these uses would be wonderful but it is believed that the highest and best use for the property is for residential rental housing which the city has identified as the #1 need.

The subject property is located in a rural/residential area of Mt. Angel, Oregon just a few blocks from the city core and across the street from the Benedictine Sisters of Mt. Angel. The property is currently zoned "Public" but the City of Mt. Angel has identified residential rental housing as the top need in the community.


Year Built: 1960
Building Size: 31529sq ft
Lot Size: 7.57 acres


Documents

925 S Main St Brochure

Map of 925 S Main Street, Mt. Angel, OR, 97362

Presented by:
SVN | Commercial Advisors LLC

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Curt Arthur


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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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