REDEVELOPMENT LAND - 3603 NE Sandy Blvd | Portland, OR 97232 Investment Highlights This property consists of a 3,750sf former pet hospital and two 952sf rental houses with 500 sf basements and off street parking. Each of the 3 buildings sit on a 0.11 ac CM3 zoned lot. The former pet hospital and one of the rental houses are vacant while one rental house has a month to month tenant at [...]
This is the only Golf course, RV Park, Camp Ground, Mobile Home Park, Convenience Store, Vacation Cabins, and Water/Sewer Utility Company in the basin. There is no or little competition for these business units within the Round Lake Basin. The population in Southern Oregon has been growing steadily for the past twenty years. Recently, the growth has accelerated even more. This is mainly due to 1) the retiring or snow bird population moving out of crowded and high-cost-of-living cities in AZ, CA, OR, and NV, and 2) a fast growing domestic tourist market reacting to a weak dollar and a post-9/11 decrease in foreign travel. Flying has become more tedious, and the costs of European vacations have gone up by almost 50% in the last year.
Round Lake Mobile Home & RV Park (123 spaces for RV and manufactured homes with room for more), Round Lake Golf Course (9 holes & driving range, Pro Shop), 61 acres residential land (existing PUD for 390 lots), Aegis Round Lake Sewer Company LLC (A Water & Sewer utility company with 68 residential customers outside the park), Round Lake Water LLC.
The investment in Valley View Assisted Living offers a new owner the opportunity to acquire a beautiful assisted living facility in a strong and growing Oregon market. The property boasts a physical plant in near new condition. The well-manicured landscaping, unit mix and plentiful common areas also enhance the viability of Valley View Assisted Living as an investment. The facility is currently owned by a non-profit, Aspen Foundation 2. The property was built in 1998, on a 25,248 SF land, with 35 units, 4.38 Arces in total.
