Norwood
Your opportunity to own a diversified investment property. McKay Cottage Plaza consists of the real estate housing McKay Cottage Restaurant, two adjacent office buildings, and the adjacent vacant lot. Priced far below assessed value. Real Estate only is for sale. 6.75 CAP on APOD using current rents for income, historical numbers for expenses, plus projected increases in taxes and insurance. Financials and rent roll available upon completion of NDA. This property has been immaculately maintained, with new sealing and striping, recent upgrades to HVAC, long term lease with Restaurant and primarily two year leases with other tenants. Restaurant pays all its own utilities and a sub-water meter is in place. Sorry no showings until acceptable offer in hand.
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Loan amount $2,040,000 · $510,000 down · 30 year term
Listing courtesy of RE/MAX Key Properties, agent Dan Steelhammer, 541-728-0033
Data last updated August 14, 2026
Based on information from Oregon Data Share. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information is for consumers personal, non-commercial use only.
Source: Spark MLS. Active inventory.