The Caldwell Building

For Sale

88 Southwest 3rd Street, Ontario, OR 97914

This Ontario property for sale is located at 88 Southwest 3rd Street. The general use of The Caldwell Building is office and it incorporates 17,420 square feet of class B office space. Contact the listing broker for details on the current sale price for The Caldwell Building.

Contacts

broker
Nancy Dong

eXp Commercial

Property Details

  • Property Type Office - Medical Office
  • Property Size 17,420 SF
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 25
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1935
  • Year Renovated 2019
  • Date Updated Dec 17, 2024
Located in beautiful Ontario, OR, the property offers a prime investment opportunity in a vibrant and growing area. Ontario offers a rich tapestry of local attractions, including the historic Four Rivers Cultural Center and Museum, as well as a wealth of cultural experiences. The nearby Snake River provides opportunities for outdoor recreation, while city parks, such as Beck-Kiwanis Park, offer serene respites in the heart of the community. With a thriving downtown district and convenient access to transportation corridors, this location presents an appealing prospect for an Office / Office Building investor seeking to become a part of Ontario's dynamic landscape.The Caldwell Building is a historic building located in downtown Ontario. This ex-auto showroom has been converted to a 3 story medical building, and is a testament to enduring quality and structural resilience. Built in 1930, it boasts a spacious 17,240 sq ft of leasable space, including an extensive 5000 sq ft basement, and 27 interior/5 surface parking spaces. This property has its own built-in Sally Port for security. It is professionally managed with low operating expense. $450k was invested in TI, including a new roof in 2018. This timeless concrete structure is occupied by long term accredited tenants, at 76% occupied space. Tenant would lease out the additional 5000 sq ft. basement, increasing lease by an additional 30%+. This is an incredible investment opportunity for out-of-town investors seeking property appreciation and steady income with very low operating overhead. With its robust construction, ample space, and desirable tenant profile, this property presents a compelling proposition for those looking to diversify their portfolio into a safe and steady investment. NDA needed before further disclosure.
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Reach out to the broker for more info on lease terms and amenities

Highlights

  • - 17,240 SF office building
  • - Prime Ontario location
  • - 100% occupancy with stable tenants
  • - Well-maintained and well kept exterior/interior
  • - Elevator to be installed for easy access to the basement
  • - Ample on-site parking for tenants and visitors
  • - Strong rental history and income potential
  • - Proximity to major transportation routes
  • - Close to amenities and services
  • - Potential for future expansion or reconfiguration
  • - Professional property management in place
  • - Excellent investment opportunity with steady appreciation

Getting around

  • 84/100

    Walk Score ®

  • 66/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Ontario, OR
  • Zip Code 97914
  • Market Boise

Points of Interest

  • Cenex

    0.28 miles

  • Sinclair

    0.47 miles

  • Pilot

    0.70 miles

  • Tesla Destination Charger

    0.89 miles

  • Tesla Supercharger

    1.22 miles

  • Love's RV

    1.34 miles

  • Chevron

    1.37 miles

  • Shipping/Receiving Area

    0.42 miles

  • Car Parking Shipping

    0.45 miles

  • Bus Loading Zone

    0.46 miles

  • School District Bus Parking/Garage

    0.54 miles

  • RV Storage Parking

    0.56 miles

  • Malheur County Fairgrounds Parking

    0.71 miles

  • RV Parking

    0.81 miles

  • Trucks & RV

    1.34 miles

  • Stockmans Motel

    0.12 miles

  • Economy Inn

    0.21 miles

  • Oregon Trail Motel

    0.34 miles

  • Ontario Inn

    0.65 miles

  • Super 8 Ontario

    0.65 miles

  • Holiday Inn Express Hotel & Suites Ontario

    0.86 miles

  • Motel 6 Ontario

    0.95 miles

  • Sleep Inn

    1.00 miles

  • Clarion Inn

    1.03 miles

  • Rodeway Inn

    1.09 miles

  • Red Apple Marketplace

    0.24 miles

  • Waremart by WinCo

    1.24 miles

  • Marshalls

    1.27 miles

  • Walmart Supercenter

    1.36 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Nancy Dong

eXp Commercial