240 S W 1st St, Corvallis, OR 97333 Property Records

Benton County property record for 240 S W 1st St, Corvallis, OR 97333

Property Summary

Property Type	Commercial Vacant Land
Lot Size	0.12 acres (5,227 sqft)
Owner	Company Name on File
Last Sale	$1,600,000 (Feb 2022)
Tax Bill	$913 (2025)
Deeds & Mortgages	Sep 2025 Mortgage Feb 2022 Sale & Line of Credit
Flood Zone	Zone X (minimal risk)
APN	`12502AB00300`

Property Details

APN / Parcel Number

Primary APN	`12502AB00300`
Alternative APN	`136154`

Exterior

Lot Area	5,227 sqft (0.12 acres)

Location & Zoning

Account Number	136154
Street Address	240 SW 1ST ST
City	CORVALLIS
State	OR
Zip	97333-4709
Property Category	Commercial
Property Type	Vacant Land > Commercial
Local Zoning Code	RF
Legal Description	MARYSVILLE (ORIGINAL TOWN) LOT 1 BLK 4
Legal Range	5W
Legal Township	12S
Legal Section	2
Legal Subdivision	MARYSVILLE (ORIGINAL TOWN)
Legal Block	4
Legal Lot Number	1
Jurisdiction	BENTON OR
Township / Civil Division	CORVALLIS
Census Block Group	1
Census Block	1035
Census Tract	10601

Owner

240 S W 1st St, commercial vacant land, is owned by a company that bought it in February 2022.

Source: Benton County records, as of May 21, 2026

Owner of Record	Company Name on File
Mailing Address	296 E 5TH AVE, 300, EUGENE, OR 97401-2783
Owner Type	Company
Vesting	Limited Liability Partnership

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
Sep 30, 2025	Deed of Trust, Mortgage · Commercial Mortgage WASHINGTON FEDERAL NA
Feb 1, 2022	Warranty Deed, Transfer · Line of Credit WASHINGTON FEDERAL NA

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Feb 1, 2022 · Amount on File
Deed Sale	Feb 1, 2022 · Amount on File
Deed Document Number	2022624238
Record Updated	Sep 20, 2026

September 2025: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BENTON OR
Property Address	240 SW 1ST ST, CORVALLIS, OR 97333
Transaction Type	Mortgage
Record Updated	Dec 16, 2025
Title Company	CASCADE TITLE COMPANY

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	296 E 5TH AVE 300, 300, EUGENE, OR 97401-2783

Mortgage

Document Number	0000656295
Date	Sep 30, 2025
Instrument	2025-656295

Lender

Name	WASHINGTON FEDERAL NA
Type	Bank
Address	SEATTLE, WA 98101

Agreement

Type	Commercial Mortgage
Amount	Amount on Record
Term	119 Months
Due	Aug 1, 2035

February 2022: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	BENTON OR
Recording Date	Feb 1, 2022
Property Address	240 SW 1ST ST, CORVALLIS, OR 97333
Document Number	0000624238
Instrument Date	Jan 27, 2022
Instrument	2022-624238
Transaction Type	Transfer
Record Updated	Dec 16, 2025
Title Company	CASCADE TITLE COMPANY, CASCADE TITLE CO

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$0.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	296 E 5TH AVE STE 300, 300, EUGENE, OR 97401-2783

Mortgage

Document Number	0000624239
Date	Feb 1, 2022
Instrument	2022-624239

Lender

Name	WASHINGTON FEDERAL NA
Type	Bank

Agreement

Type	Line of Credit
Amount	Amount on Record
Term	36 Months
Due	Feb 1, 2025

Tax Assessment & Valuation

The 2025 property tax bill for 240 S W 1st St was $913, up 3% from the year before.

Source: Benton County assessment roll, as of May 21, 2026

Property Jurisdictions

Type	Name
State	Oregon
County	Benton County
Municipality	Corvallis City
Unified School District	Corvallis School District 509J (KG - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$913.00 (+3.05%)	$47,543 (+3%)	$337,788 (-) Land $337,788
2024	$886.00 (+3.02%)	$46,158 (+3%)	$337,788 (-) Land $337,788
2023	$860.00 (+2.99%)	$44,814 (+3%)	$337,788 Land $337,788
2022	$835.00	$43,509
2002			$337,788 Land $337,788

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Flood

FEMA maps place 240 S W 1st St in Zone X, an area of minimal flood risk, within 500 ft of a high-risk flood zone.

Source: FEMA National Flood Hazard Layer, effective April 28, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Nearest Special Flood Hazard Area	Zone AE, within 500 ft
Flood Insurance Requirement	Not required lenders may require it
Flood Insurance Cost	Premium on File median of 30 policies
Community Rating System	Class 5 (25% premium discount)
Nearby Flood Policies	30 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Wildfire risk around 240 S W 1st St is low, with less than a 0.01% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 93% of the US · lower than 98.2% of Oregon
Wildfire Likelihood	Under 0.01% annual chance
Exposure	None beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	CITY OF CORVALLIS serves 61,468 people · EPA ID OR4100225
Water Source	Surface water
Last State Inspection	Aug 2024
Lead	2 ppb (2024–2026) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 134 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable · Fiber in parts of the area	2,000 / 250
Verizon Fixed Wireless	300 / 20
AT&T Fixed Wireless	100 / 20

May also be available: T-Mobile, Ziply Fiber.

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