Rare Downtown Corvallis Opportunity - Residential, Commercial & Investment Potential. Unlock the possibilities with this versatile property in the heart of downtown Corvallis! Currently home to a successful, established beauty salon, this unique property offers an exceptional opportunity for an owner-user, investor, or buyer looking to create a custom residence in a prime downtown location. The property has a diverse history, having previously operated as a restaurant and antique store, and may offer potential for conversion to a single-family residence. With its flexible layout and private backyard, the property provides an exciting opportunity to reimagine the space for residential living, continued commercial use, or an income-producing investment. The current building features a 1/2 bath and approximately 1,000 sq. ft. of space. A residential remodel could create a charming downtown home, with room in the backyard for a possible addition to increase living space or potentially create additional income-producing space and short-term rental potential. Additional highlights include a private backyard, alley access, and ample street parking-valuable features for a downtown property. Originally remodeled in 2008, improvements included new floor joists, insulation, plumbing, and electrical. Whether you continue the existing salon operation, create a unique downtown residence, expand for additional income potential, or pursue another investment strategy, this property offers flexibility and opportunity in one of Corvallis' most desirable locations. Owner contract potential. Buyer to verify additional plumbing, sewer capacity and connection requirements with Corvallis Sewer district. Some listing photos are AI-generated and are intended solely to illustrate potential uses and improvements. Listing agent makes no representation or guarantee that the layouts, dimensions, or improvements depicted in the AI-generated images are feasible within the existing space..