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About East Oregonian : E.O. (Pendleton, OR) 1888-current | View Entire Issue (Oct. 6, 2017)
6E // Real Estate & Home Builders Guide // October 2017 Rental construction continues to grow in Denver By Ilyce Glink and Samuel J. Tamkin Tribune Content Agency Q : I recently heard you on the air talking about rental construction in Denver. I just visited my two boys there, and I saw all the cranes up close. I wonder: Who is filling all those new apartments? What’s the economic engine driving Denver’s influx of millennials? : Thanks for reaching out and listening to the show. Economists and housing experts in the real estate industry think that the primary driver in Denver is the burgeoning tech industry. Companies are either moving there or opening up satellite offices so their employees can take advantage of the lifestyle (skiing and hiking on weekends, biking everywhere, etc.). Because so many jobs are available, residents from California (an even higher cost state) are moving as well, increasing their standard of living. Those millennials (and older people, too) are renting, as are, in some cases, executives who might live further out but need a place for weekdays. You are also seeing a fair number of retirees moving to the greater Denver area. If your kids wind up in Denver, will you A eventually move there? If so, you’re like many parents of millennials. But Denver is not the only place where rental construction is going strong. There are quite a number of urban areas that are attracting millennials. Downtown areas offer a large variety of restaurants, things to do and close access to workplaces. Since millennials are waiting longer to have kids, they have more time to enjoy the benefits of urban living. And, some are now staying. In some urban areas, schools systems have Discover why over 17 million homeowners trust State Farm . ® With your new home comes new responsibilities – like protecting your new investment with the right amount of homeowners insurance. That’s where we can help. Like a good neighbor, State Farm is there. ® CONTACT AN AGENT TODAY. Julie Mansfield Smith 541-934-2946 Office 541-519-6891 Cell Principal Broker/Owner cuppercreeklandco@gmail.com cuppercreeklandcompany.com 41909 Cupper Creek Rd. Kimberly OR 97848 PENDING! 73 Acres ~ Views! RV cover/well/ septic/. Surveyed/fenced In Spray. NOW $135,000! 80 Ac. Land near Heppner ~ Nicely timbered property with creek! NOW $150,000 REDUCED! 11 Ac. Land in Kimberly ~ River frontage w/fruit orchard. TERMS! $175,000 PENDING! 385 Ac. On Starvation Ridge in Spray ~ Surveyed/w/river view/recreation. $240,000 BACK ON MARKET! BORDERS PRIVATE LAND 320 Acres Land ~ Frank’s Creek Rd. in Dayville. $250,000 NEW! 29 Ac w/River Views and 2/2 Home. Borders BLM in Spray. $325,000 PENDING! 260 Acres of secluded hunting and recreation w/ creek in Spray. $350,000 REDUCED! 276 Ac Land in Kimberly ~ River frontage/Water rites/Borders BLM. $400,000 BACK ON MARKET! 20 acres Home/Cabin/Shop ~ on John Day River in Twickenham $625,000 improved enough to keep millennials from moving to the suburbs. You also need to keep in mind that millennials typically graduate from college with a considerable amount of debt, including student loans and credit card debt. With that debt, they often simply can’t afford to buy a home right out of college. In addition, we think that the financial stress millennials face with their added debt pressures probably will keep a good part of them renting for some time in Denver and elsewhere. PENDING! 718 Acre Mountain property near Starvation Ridge. 3 parcels. $725,000 3 Crow Ranch in Spray ~ 604 ac. dryland farm w/ home, shop, good springs. $750,000 296 ac Hay ranch/Shop/corrals/river frontage// view property in Kimberly. $1,400,000 2356 Timbered Land on Beltshaw/Wildcat/Stud Creeks. Borders FS $2,225,000 SOLD! 92 Acres Land ~ on John Day River in Twickenham . $150,000 SOLD! Doolittle Canyon Lane ~ 40 Acres w/ MH, shop, ponds . Heppner. $189,500 SOLD! 640 Ac. on Huckleberry Creek ~ Awesome rec/hunting retreat. Terms OAC. $395,000 SOLD! 783 Ac in Dayville ~ Grazing/hunting land/ pond in Ochoco unit. NOW $425,000 SOLD! Cathedral Rock Ranch ~ 1076 Ac. in Kimberly. Home/River/BLM permit. $1,500,000 Dan Ceniga, Agent 1704 SW Frazer Ave Pendleton, OR 97801 Bus: 541-276-3182 dan.ceniga.b739@statefarm.com NEW LISTING! Secret Valley Ranch in Mt Vernon ~ 198 Acre Horse property with upscale remodeled 4/3 home, indoor covered riding arena, barn, corrals, shop, feeder stalls, vinyl fencing and lots of privacy! Room to roam and ride into the sunset. Immaculate facilities . MOTIVATED SELLERS LOOKING FOR OFFERS! $599,500 statefarm.com ® 0907508.1 Full-Service Property Management Stan Henderer, Agent 33 SE Dorion Avenue Pendleton, OR 97801 Bus: 541-278-0880 stan.henderer.lo18@statefarm.com State Farm Fire and Casualty Company, State Farm General Insurance Company, Bloomington, IL WHITNEY AND ASSOCIATES 37 SE Dorion , Pendleton, OR 97801 • 541-276-0021 • Fax 541-276-6749 COMMERCIAL LISTINGS $3800 MO LEASE FORMER CUMMINS NORTHWEST TRUCK REPAIR. 3 drive through bays, 1 with 16’ overhead door, 2 with 14’ overhead doors, 1 space with 9’ overhead door. Office, break room, 2 bathrooms, air, storage. Ample parking, room to drive around entire building. Potential for full service automotive/truck service. Near freeway, motel, food, Walmart. Jef Farley 541-969- 9539cell. #17696772 17 SW Frazer Ave, Suite 372 541-276-3335 www.webbpropertyresources.com PROPERTY OWNERS! Ask us how to get 50% OFF your fi rst month $1200 MO LEASE COMMERCIAL RETAIL SPACE LOCATED IN THE HEART OF PENDLETON ON MAIN STREET. Beautifully remodeled exterior blending in perfectly with the historic downtown. Parking lot near the rear entrance. 750 sf(m/l) mezzanine for office, etc. Basement area for storage. 2 bathrooms. Nice open space perfect for retail or office. Near many landmark businesses. Jef Farley 541-969-9539cell. #17250013 $995,000 THIS WAS THE HOSPITAL MEDICAL OFFICE BUILDING. 25,509+/- sf of office building on about 1.3 acres (subject to land partition and government approval). 3 floors, lobby with elevator, modern steel construction, many bathrooms, offices, reception areas. Up to 2.12 additional acres available. A tremendous value at a fraction of the cost to build. Located on the East entrance to town, high traffic count and visibility. Jef Farley 541-969-9539cell. #17401904 extra storage in loft. Forced air gas heat/cool. Building is metal with a metal roof for easy upkeep. Nicely landscaped. Cari Volger 541-377-5058cell. #16273028 $289,900 REDUCED COMMERCIAL BUILDING next to River on high traffic street. Great for professional, retail, tourist oriented business and more. 3548 sf(m/l) on main floor, plus full basement and 2nd story space. On-site parking. Attractive rock facade. Call Vicki Dick 541-969-9441cell. #17253884 $239,900 ZONED M-1, COMMERCIAL PROPERTY, APPROX. 5,000 SF. 7 units, sizes and rents vary. Rental details in file, some offices are vacant. Tenant’s personal property not included in sale of property. Parking spaces in front of bldg. Newer (2005 approx.) 25 yr. rubberized roof. Tenants pay their own utilities and are responsible for any glass damage. Marsha Morgan 541-377- 5152cell. #17335668 $195,000 NEW/COMMERCIAL COMMERCIAL 2 STORY BRICK OFFICE BUILDING WITH BASEMENT. 2 separate sides that can be used as 1 business or 2 separate businesses. Kitchen area plus lots of space for storage. Gas heat and cool. Building is located close to downtown Pendleton with easy access, paved lot for off street parking. Cari Volger 541-377-5058cell for more information and to schedule a showing.#17041466 $630,000 COMMERCIAL RETAIL LOCATION IN DOWNTOWN PENDLETON. Building for sale only, business will remain under an existing lease. 15000 Sq.Ft main building on 1.47 acres with 3 outbuilding for additional storage or truck parking. This is a prime, long term established, high traffic building across from the Umatilla County Court House. Perfect for retail, commercial or storage. Please allow 24 hour notice, qualified buyers only. Kevin Hale @ 541-969-8243. #17508571 $185,000 BECOME YOUR OWN BOSS. Get away from your J.O.B. (Just over Broke) and invest in your own business. Wine bar with certified kitchen available for purchase. Includes light fixtures, liquor license, wine stock, bar, tables and chairs and more. Expand the seating, offer food, the potential is incredible and the location is great! (Does not include building, but the lease is already negotiated for you.)Dawn Blalack 541-310-9563cell. #17375188 $595,000 PILOT ROCK COMMUNITY PRESBYTERIAN CHURCH IN PILOT ROCK, OR. 2 buildings. Church built in 2010 with 7,488 sf(m/l), zoned R1. School/class rooms built in 1954 with 7,440 sf(m/l), zoned C1. Connected by breezeway. 2 tax lots. This excellent property could have multiple uses. Check with city for zoning information. Property is in excellent condition. Seller will consider selling buildings separately. Jef Farley 541-969-9539cell. #17261025 $135,000 PILOT ROCK MAJESTIC, HISTORIC BRICK COMMERCIAL BUILDING LOCATED ON MAIN STREET, PILOT ROCK, OR. Restaurant on main floor, 2 bedroom 2 bath apartment upstairs. Tenants would like to stay. Potential for additional apartments.t. Marsha Morgan 541-377-5152cell. #17258860 $475,000 MAJOR PRICE REDUCTION EASY FREEWAY ACCESS. 1.52 acres that can be subdivided, power & water at street for vacant lot. 6,000 sf(/l) commercial building includes 3 offices, kitchen, and handicap accessible restroom w/shower. Warehouse has concrete flooring, truck door for loading, 2 man doors, and $109,900 PRICE REDUCED LOCATE YOUR BUSINESS with the greatest concentration of retail and business activity. High traffic counts and zoned C-1 with many business uses permitted. Corner lot with 100’ frontage off of Emigrant. Kevin Hale 541 969-8243cell. #12422421 $132,000 UKIAH SUPPLY STORE IN UKIAH. Family owned business since 1988. Store w/office, restrooms on 100’x66’ lot. All inventory, excluding liquor & pepsi and coke coolers, are included in sale of $520,000 ENTIRE CITY BLOCK in core of downtown Pendleton. 3 buildings (3 tax lots), old business. Purchaser must apply for their own liquor license. Certified woodstove plus electric heat. 2 freezers in store and 1 freezer in back, 8’x20’refrigerated container for wild meat. Business tri-cinema (10k sf), old D&G Gifts (4k sf), 3rd (1569 sf), 20K+ (2 tax lots) parking lot. Prime downtown location with great visibility. Jef Farley 541-276-0021. income information available to pre-qualified buyer. Marsha Morgan 541-377-5152cell. #17043912 #16603169
