PARSONS PHARMACY REDEVELOPMENT

Transcription

1 FOR SALE PARSONS PHARMACY REDEVELOPMENT 294 NW 2nd Avenue, Canby, OR RYAN IMBRIE MANAGING DIRECTOR O: M: The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. Lincoln Tower SW Greenburg Road, Suite 530, Portland, OR

2 ABOUT THE CITY OF CANBY PARSONS PHARMACY RETAIL REDEVELOPMENT CANBY, OREGON 17,365 Population (2016) $355,000 Median Home Value 11.5% Population Increase ( ) $45,811 Median Household Income Canby, Oregon is a growing city with a population of just over 17,000 and total area of 3.78 miles. It is located 25 miles south of Portland in the Willamette Valley, surrounded by some of the best soils in the state. The community is easily accessible in the region via Interstate 5, Highway 99E and I-205 nearby. The area boasts an enviable banana belt climate in the Portland Metropolitan region with warm and dry summers, mild winters and long growing season. Its warm-summer Mediterranean climate ranges from an average high temperature of 73 to average low temperature of 43 degrees. It rains about 41 inches per year, and snows about 6 inches per year. Since 2002, the city has operated its own bus system, Canby Area Transit (CAT). The service connects with the Portland area's TriMet at the Oregon City Transit Center and with the Salem-Keizer Transit (Cherriots) bus system in Woodburn. Canby is also served by one route of South Metro Area Regional Transit (SMART), the bus division of the City of Wilsonville. The local economy is diverse and thriving. A sophisticated nursery industry surrounds Canby with a well-deserved reputation of high quality dahlias, tulips, perennials, shrubs and trees that are sold nationwide. There is a strong manufacturing base of small to mid-sized companies focused on precision metals, high tech, and testing equipment sold nationally and internationally. Major employers include Johnson Controls, Pioneer Pump, Shimadzu USA, Kendall Floral, Milwaukie Electronics, JV Northwest, SR Smith, American Steel, Package Containers, OBC Northwest. It is an excellent business location offering excellent highway access, ample utilities, and a plentiful supply of shovel-ready industrial land at competitive prices. Major attractions include the Willamette and Molalla Rivers, Canby Ferry, Clackamas County Event Center, Swan Island Dahlia Fields, Canby Depot Museum, Vietnam War Memorial, and its charming downtown. A wide variety of events include the Canby Farmers Market, First Friday, Clackamas County Fair, General Canby Days, Slice of Summer outdoor concerts and much more.

3 PARSONS PHARMACY REDEVELOPMENT Canby, Oregon PROPERTY INFORMATION

4 PROPERTY OVERVIEW PARSONS PHARMACY RETAIL REDEVELOPMENT CANBY, OREGON Property Description SVN - Imbrie is pleased to present the Canby Parsons Pharmacy, a 12,9250 SF, single-tenant commercial building situated on a 22,999 SF (0.528 AC) lot. The subject property is well located in the central business district of Canby, Oregon. Canby, Oregon is a suburban community approximately 4 miles east of the I-5 Freeway, 7 miles southeast of Oregon City and 25 miles from the City of Portland. The community is bisected by Highway 99E which is a primary commuting route that provides connectivity with Oregon City as well as I-205 Freeway. The interior of the building has been formally demised into a retail display area, pharmacy, snack/coffee shop areas. The balance of the building is unfinished inventory storage which is access by a single-bay recessed loading dock located at its northeast corner. The structure consists of 12-foot-high stucco surfaced masonry walls which are fenestrated on the southerly street-side wall. Steel columns support a built-up membrane surfaced roof. The building resides on a 22,999 SF (0.528 AC) commercially zoned (C1) site. Curbside parking is available along both adjoining streets. Access along the rear of the building is accommodated by a public alley. There are currently 13-parking spaces on the eastern side of the property along with five additional spaces situated along north wall of the building. Property Information Sale Price $1,330,000 Building Size Lot Size 12,950 SF 22,999 SF (0.528 AC) Parcel # Year Built 1962 County Submarket Zoning Clackamas Canby C1 - General Commercial For Info on City of Canby C1 Zoning Use:

5 INTERIOR PHOTOS PARSONS PHARMACY RETAIL REDEVELOPMENT CANBY, OREGON

6 PARCEL MAP PARSONS PHARMACY RETAIL REDEVELOPMENT CANBY, OREGON SUBJECT PROPERTY

7 AERIAL PHOTO PARSONS PHARMACY RETAIL REDEVELOPMENT CANBY, O SUBJECT PROPERTY

8 CITY OF CANBY COMPREHENSIVE PLAN MAP PARSONS PHARMACY RETAIL REDEVELOPMENT CANBY, OREGON

9 CITY OF CANBY FAÇADE IMPROVEMENT PROGRAM PARSONS PHARMACY RETAIL REDEVELOPMENT CANBY, OREGON The Canby Urban Renewal Agency supports local businesses with resources to help them succeed. The expanded Façade Improvement Program partners with property owners and businesses to spruce up their exterior. This partnership will help the Canby Business District revitalize and become more inviting to customers and residents. Eligible businesses must be located within the blue boundary to the right. The enhanced Façade Improvement Program now offers: Grants of up to $1,500 to help develop a design $1,500 toward funding construction documents 50% in matching grants of up to $25,000 for façade improvement construction. No interest 5 year loans for construction projects over $50,000 Eligible projects include: Masonry cleaning Work on cornices, gutters, and downspouts Exterior siding repair or replacement Exterior painting Accessibility improvements Repair, removal, or installation of canopies or awnings Window repair or replacement Hardware and/or mounting material for monument signs and wall signs Hardware and / or mounting material for blade signs (up to $200, separate application) Structural Upgrades Ineligible projects include: Refinancing of existing debt Interior improvements Non-permanent fixtures Security systems Personal property or equipment Business inventory Sidewalk or parking improvements Installation of bike racks or fences Billboards Previously completed design or construction work Individual business signage Ineligible participants: Properties for residential use, unless a mixed-use development Façade Improvement Program participants to date: Bricks & Minifigs, Canby Station, Canby Herald Building, Countryside Living Building, Ebner s Custom Meats, and Cutsforth Thriftway. above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness. The information listed

10 VERTICAL HOUSING PROGRAM PARSONS PHARMACY RETAIL REDEVELOPMENT CANBY, OREGON Overview The 2005 Legislature passed legislation moving the Vertical Housing Program from Oregon Economic and Community Development Department (OECDD) to Oregon Housing and Community Services (OHCS) beginning in November The purpose of the Program is to encourage investment in and rehabilitation of properties in targeted areas of a city or community, to augment the availability of appropriate housing, and to revitalize communities. The program encourages mixed-use developments that contain both non-residential and residential uses in areas (zones) designated by local jurisdictions. The residential portion may be for market rate or lower income households. Eligible projects receive a partial property tax exemption which varies with the number of "Equalized Floors" in a project, with a maximum property tax exemption of 80 percent over a 10 year term. An additional partial property tax exemption on the land may be given if some or all of the residential housing is for low-income persons (80 percent of area median income or below). Eligibility Requirements / Zones An eligible zone is any area that meets the criteria for a Vertical Housing Zone which has been designated by the local jurisdiction and has been approved by OHCS. Any project that has made application to and has been approved by the OHCS may receive a partial tax exemption as determined by the number of Equalized Floors for a maximum of 10 years. The tax exemption will be based on the number of Equalized Floors as determined by the total square footage divided by the number of actual floors of the project that are at least 500 square feet per floor. Equalized floors will be rounded down to the nearest whole number (e.g., any eq Application / Charge The application can be accessed via the OHCS Web site. Eligible criteria and instructions can be accessed through the Oregon Administrative Rules for the Vertical Housing Program. A nonrefundable Project Application charge of $550. A one-time Monitoring charge of $150 for projects with no low-income units, and $200 for projects with lowincome units. Learn More Visit Oregon Housing and Community Services - Vertical Housing Program for more info.

11 PARSONS PHARMACY REDEVELOPMENT Canby, Oregon DEMOGRAPHICS

12 DEMOGRAPHICS PARSONS PHARMACY RETAIL REDEVELOPMENT CANBY, OREGON Demographics Data 1 mile 3 miles 5 miles Total Households 3,207 9,062 15,188 Total Population 9,524 25,532 41,389 Persons per Household Average Household Income $60,626 $73,897 $83,076 Average House Value $365,176 $404,452 $450,863 Average Age Average Age (Male) Average Age (Female)

13 RYAN IMBRIE MANAGING DIRECTOR O: M: Lincoln Tower SW Greenburg Road, Suite 530 Portland, OR ph: The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.