The Caldwell Building

For Sale

88 SW 3rd ave., Ontario, OR 97914

This Ontario property for sale is located at 88 SW 3rd ave.. The general use of The Caldwell Building is office and it incorporates 17,420 square feet of class B office space. The current listed sale price for The Caldwell Building is $1,500,000.

Contacts

broker
Nancy Dong

eXp Commercial

Property Details

  • Property Type Office - Medical Office
  • Property Size 17,420 SF
  • Units 2
  • Parking Spaces Avail. 25
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1935
  • Year Renovated 2019
  • Date Updated May 15, 2025
Located in beautiful Ontario, OR, the property offers a prime investment opportunity in a vibrant and growing area. 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. NOI-$74k Actual Cap: 4.92%/ 7.3% Projected Projected NOI: $110,753. Upside on an additional 25% to market rent at renewal Tenant pays for $4000 property tax. Built in 1930, The 7092 sq ft two level office space (leased); in addition there is an extensive 5000 sq ft basement (leasable), and 27 interior/5 surface parking spaces. This property has its own built-in Sally Port for security. Major update of roof, HVAC, electrical, plumbing etc performed in 2019, cost $450k. Professionally managed with low operating expense. With its robust construction, additional leasable space, and an accredited tenant with long term lease (two 5 year renewal options), this property presents a compelling proposition for those looking to diversify their portfolio into a safe and steady investment.
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • 17,240 SF property (7092 Office, 5000 basement, 5148 interior parking)
  • 60% occupancy with a stable tenant. 40% will be available for lease soon.
  • Ample on-site parking for tenants and visitors
  • Close to amenities and services
  • Excellent investment opportunity with steady appreciation
  • Potential for future expansion or reconfiguration
  • Prime Ontario location
  • Professional property management in place
  • Proximity to major transportation routes
  • Strong rental history and income potential
  • Well-maintained and well kept exterior/interior

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

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.