242 Market ST, Klamath Falls, OR 97601

$525,000

$660,000

20.5%
Est.Price: ?

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Est. payment /mo

13,416 SqFt


SOLD DATE : 03/18/2026

Key Details

Sold Price $525,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 13,416 sqft

Price per Sqft $39

MLS Listing ID 220201763

Sold Date 03/18/26

Annual Tax Amount $2,662

Lot Size 0.550 Acres

Acres 0.55

Lot Dimensions 0.55

Property Description

Two buildings (242 Market and 284 Market) plus a vacant lot (292 Market) are included in this sale. Zoned Light Industrial and currently leased to Desert Lake Technologies with an NOI of $67,980 with 3% increases per NNN lease. Cap Rate of 10%. Small office and kitchenette in 242 Market Street. Total building square footage is 13,416 sf. Please do not disturb tenant. Any showings to be scheduled in advance and listing agent must be present.

Location

State OR

County Klamath

Direction From Main Street, turn south on Market Street

Interior

Heating Natural Gas

Cooling None

Exterior

Parking Features Asphalt, On Street

Roof Type Membrane,Metal

Building

Lot Description Level

Foundation Slab

Water Public

Level or Stories One

Structure Type Steel Frame,Frame

New Construction No

Others

Senior Community No

Tax ID 414634

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Oregon Datashare (MLSCO/SOMLS/KCAR)
Listed by Windermere Real Estate Kf

Nearby Locations

GET MORE INFORMATION

Name

Name

Phone*

Phone

Message

Message
Shannan Alvis

+1(541) 890-3941

shannan.alvis@exprealty.com