501 N Main St, Phoenix, OR, 97535

Scott King and Caspian Hoehne of Merit Commercial Real Estate exclusively represented the Seller in the sale of 501 North Main Street in Phoenix, Oregon. As a highly desirable mixed-use asset with a combination of office space (formerly used as light medical clinic space) and a small clear-span shop with an overhead door, as well as a dedicated front and rear parking lot, the property was positioned extremely well for an owner-user purchase. 

The Challenge: Regardless of the property’s great layout and location, there were some obstacles to overcome. The listing was originally taken out to market at market-setting pricing and tested the buyer pool for assets under $500k. Additionally, the age of the building was a concern for some users, although it was very well-maintained. Additionally, some environmental question marks had to be addressed requiring complex site studies and more legwork for everyone involved. The broad marketplace, for both buyer liquidity and commercial lending was extremely tough during the marketing period, and required a creative approach to deal-making. 

Merit's Process: The standard Merit process worked very well for the subject property, benefitting from extremely high-visibility signage, and hyper-local online marketing. It’s important to cover all aspects of marketing, from old-school proven principles to the newest online platforms. Additionally, Merit’s pre-listing intake process proved to be extremely useful to the dozens of interested buyers, as the team spent significant time compiling property systems, characteristics, and highlights. 

The Result: Following a significant amount of tours, 501 North Main Street successfully sold via owner-financing for a total sales price of $350,000 in August 2026.